Pegasi Energy Resources Corp., Tyler, Tex., has reported completion of a horizontal oil well in Jurassic Bossier shale in Rodessa field in Cass County, northeast Texas.
The Morse Unit 1H averaged 281 b/d of 40° gravity oil plus associated gas in its first 5 days of continuous production after a five-stage hydraulic frac job in its 2,000-ft lateral. Pegasi Energy has a 56% working interest in the well.
The company said the Morse completion “gives us great confidence in our proposed strategy for the further development of the Cornerstone Project which will involve drilling horizontal wells of 3,000 to 5,000 ft in length.”
