Ward Reports Successful SCOOP Well Results

OKLAHOMA CITY--()--As part of the Company’s involvement in key resource plays of the Mid-Continent and DJ Basin of North America, Ward Petroleum/Ward Energy Partners (WEP) announces a successful horizontal well located in the SCOOP area of the Anadarko Basin targeting the Mississippian resource play in Central Grady County.

“Initial results of the Lynda well are in-line with some of the highest potential Mississippian wells in the STACK over-pressured area.”

The Lynda: 26-23-1XH was drilled to a total measured depth of 22,400’, with a horizontal length of approximately 7,500’. The well tested at an initial rate of 15.950 million cubic feet of gas per day, 860 barrels of oil per day, and 2,150 barrels of load water per day. Ward Petroleum (WEP) is the operator and holds approximately 71% interest in the well.

“Ward Petroleum is encouraged by the results of the Lynda well, as it identifies and establishes the potential of the Mississippian reservoir in the SCOOP play” stated David Stone, Chief Operating Officer. “Initial results of the Lynda well are in-line with some of the highest potential Mississippian wells in the STACK over-pressured area.”

Ward Petroleum (WEP) ongoing plans are to operate and participate in multiple non-operated wells targeting the Mississippian and Woodford reservoirs in Central Grady and Northern Stephens County.

WEP is a partnership between Ward Petroleum Corporation and Trilantic North America. To date, Trilantic North America's energy team has committed approximately $3.3 billion in capital across 24 energy investments.

Contacts

Media:
Prosek Partners
Mark LaVoie, 212-279-3115 ext. 233
mlavoie@prosek.com

Website

Release Summary

Ward Petroleum/Ward Energy Partners (WEP) announces a successful horizontal well located in the SCOOP area of the Anadarko Basin targeting the Mississippian resource play in Central Grady County

Ward Petroleum Corporation