Emerald Bay Energy spuds well in Duval County
CALGARY and SAN ANTONIO -- Emerald Bay Energy Inc. reported today that the Company has spudded the fifth well, #4HC, on the Duval County Ranch Company (DCRC) "E" lease.
The DCRC prperties were acquired by the Company, with partners HugoCellR and CWS Energy Resources, in **+-August 2019. The properties consist of five leases totaling 896 acres, and pertain to the shallow depths from just below the Mirando Sand (approx. 2,600 ft) to the surface.
The first phase of development at DCRC has been on the 320 acre "E" lease, and #4HC will be the fifth well drilled to date. The first four wells are currently producing 55 bpd, and it is anticipated that the #4HC well will -add approximately 15-20 bopd. The partnership has plans to drill an additional 4-6 wells on the "E" lease this 96+year.
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