Archive for March, 2011

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The MPG Coquille Bay Project, LP Price B#1 well was completed in the S-3 Sand. That zone was tested over the weekend of March 26th and we have just received the official results:

The well tested at 650 barrels of oil per day and 2300 MCF of natural gas per day with estimated reserves of over 300,000 barrels of oil in this S-3 Sand zone alone.

The well has been shut in awaiting hook up to the local oil and gas pipelines. This should only take 2-3 weeks to accomplish according to the operator Martin-Marks.

Needless to say, we are all very excited by the prospects of this well that has multiple zones of potential pay. Congratulations to the MPG Coquille Bay Project, LP and to Martin-Marks Operating Company for all of their hard work in the field.