Oil Report – DISTRICT 7B

A new Completion: CO Energy of Fort Worth completed Well No. 1 on the Young lease, four miles southeast of Stamford, in the Carla (Caddo) field. In January, a 24-hour test to determine this well’s potential yielded 300 barrels of oil. Contractor: Ringo Drilling. Elevation: 1,558′ GR. Total depth: 5,440′. Top of pay: 4,954′. P.B. depth: 5,200′. Casing: 8 ” set at a depth of 128′ and 5.5″ set at 5,350′. Tubing: 2 ” set at 4,960′. Perfs: 4,982′ — 5,006′. Treatment: 20,000 gallons of gel acid 28 percent. Tops reported: Breckenridge — 2,090′, Palo Pinto — 3,454′, Caddo — 4,954′.

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