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Gas industry

Falcon Natural Gas Corp. Begins Producing Natural Gas in Latimer County, Oklahoma

Strategic Insights

— 1 min read

Falcon Natural Gas Corp., in partnership with WhitMar Exploration Company, has successfully launched the production of natural gas from the first well in their planned drilling project in Latimer County, Oklahoma. The well achieved a total depth of 13,270 ft and has yielded multiple producing zones. As of December 8th, the well is producing at a rate of 1,900 MCF/D*. Falcon Natural Gas Corp. has acquired a 16.67% working interest in the Garrett 1-27 Well, South Wilburton Prospect, and will bear 16.67% of all well costs and other expenses.

Key Takeaways:

  • Falcon Natural Gas Corp. has started producing natural gas from the first well of their planned drilling project in Latimer County, Oklahoma.
  • The well reached a total depth of 13,270 ft and has yielded multiple producing zones.
  • The well is currently producing at a rate of 1,900 MCF/D*.
  • Falcon Natural Gas Corp. has acquired a 16.67% working interest in the Garrett 1-27 Well, South Wilburton Prospect.
  • The company will bear 16.67% of all well costs and other expenses.
  • The drilling area in central east Oklahoma was chosen for its infrastructure, industrial resources, and natural gas producing potential.
  • Falcon Natural Gas Corporation is a Natural Gas exploration company based in Houston, founded in 1979.
  • WhitMar Exploration Company is a private energy company based in Denver, Colorado, and Houston, Texas, with offices in the continental United States.

Statistics:

  • 1,900 MCF/D*: current production rate of the well
  • 13,270 ft: total depth of the well
  • 16.67%: working interest acquired by Falcon Natural Gas Corp. in the Garrett 1-27 Well
  • 16.67%: share of well costs and other expenses to be borne by Falcon Natural Gas Corp.
  • 1979: founding year of Falcon Natural Gas Corporation
  • 2006: year of the drilling project's announcement

Sources:

  • Falcon Natural Gas Corp., press release, December 27, 2006, via PrimeNewswire
  • www.falcongas.com
  • www.whitmar.com/index.htm
  • *MCF/D= Thousand cubic feet per day

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