Silver Tusk Oil Company announces commencement of completion operations and sale of first production from the Willard Unit #1H-2 (Buda) Well - KPTV - FOX 12

Silver Tusk Oil Company announces commencement of completion operations and sale of first production from the Willard Unit #1H-2 (Buda) Well

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SOURCE Silver Tusk Oil Company, LLC

DALLAS, May 19, 2014 /PRNewswire/ -- Silver Tusk Oil Company, LLC ("Silver Tusk") Managing Member, Paul Fenemore, is pleased to announce that drilling operations on the Willard Unit #1H-2 (Buda) well located in the Sand Lake Prospect, Burleson County, Texas have been completed. The well was drilled to a total measured depth of 9,363 feet and penetrated the Buda Lime horizontally for a distance of approximately 2,530 feet. Silver Tusk elected to terminate the well early and move forward with completing it in view of the impressive shows encountered. Whilst drilling horizontally in the Buda Lime the well flowed at rates of up to 250 barrels of oil per hour and in a 48 hour period the well produced a cumulative total of approximately 4,200 barrels of 39 degree API gravity oil. Silver Tusk has been granted permission to sell up to 100,000 barrels of oil until such time that all of the necessary paperwork is filed with the Texas Railroad Commission. Oil sales commenced today.

Basin Drilling Rig 102 drilling Willard Unit 1H-2 (Buda) Well

 

Skimmer separation tank receiving oil produced from the Willard Unit #1H-2 (Buda) Well whilst drilling

The oil produced while drilling was collected in 500 barrel frac tanks and around 3,000 barrels has already been treated to sales quality. The well is currently shut-in and the rig is expected to be off location by early next week. Work on cleaning up the location and installing production facilities will begin as soon as the rig is off location. It is anticipated that it may take up to 4 weeks to complete work on the production facilities and a temporary production facility using a separator and frac tanks will be employed until such time that the tank battery is fully operational. The temporary production facility should be ready in approximately 2 weeks time.

Some of the 500 barrel frac. tanks used to collect the produced oil

 

Sunoco picking up first sales of oil from location

This is an excellent start to the project and further details will be announced in due course.

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