Kolibri lifts Oklahoma output above 6,000 boed as new wells flow back

(WO) — Kolibri Global Energy Inc. said production at its Tishomingo field in Oklahoma has climbed above 6,000 barrels of oil equivalent per day following the addition of new horizontal wells.

The company said the current production rate includes volumes from offset wells that were temporarily shut in during recent fracture stimulation work. Some of those wells are now dewatering, while others are producing at higher rates than before being shut in.

Kolibri recently completed fracture stimulations on four horizontal wells: Barnes 6-31-2H, Barnes 6-4H, Velin 12-9H and Velin 12-10H. All planned proppant volumes were placed, and the wells have begun flowing back fracture stimulation fluids.

The two Barnes wells, in which Kolibri holds a 100% working interest, are averaging about 465 boed each, including roughly 395 barrels of oil per day. The wells are producing with an oil cut of about 85%, similar to the Lovina wells drilled earlier in the year. One Barnes well has a 1.5-mile lateral, while the other has a 1-mile lateral. On a normalized lateral-length basis, Kolibri said early production rates are slightly higher than those seen at the Lovina wells during initial flowback.

Kolibri said it does not yet believe the full 1.5-mile lateral of the Barnes 6-31-2H is contributing to production. Production tubing is expected to be installed in early 2026, along with additional fracture fluid recovery, which the company said could further improve output.

The Lovina wells, located on the southern portion of the acreage, continue to perform in line with expectations, showing lower decline rates than earlier wells. Kolibri said internal analysis based on four months of production data indicates the four-well Lovina pad would generate a 33% internal rate of return at a constant oil price of $60 per barrel and a 48% IRR at $70 oil.

The two Velin wells, drilled about two years ago with a 97% working interest, are averaging roughly 200 boed, including about 145 barrels of oil per day. Kolibri said early production has been lower than anticipated, potentially due to extended shut-in periods during nearby completions and lower initial flowing pressures. Tubing is currently being run to improve fracture fluid recovery, and the company expects flow rates to improve.

Wolf Regener, president and CEO of Kolibri, said overall field performance remains strong.

“Overall, I’m very pleased with how well the field continues to perform, with current production over 6,000 BOEPD. It is great to see the high oil percentage of our recent wells, which is helping to improve the Company’s netbacks,” Regener said.

He added that early results from the Barnes wells are tracking closely with prior expectations.

“The early production profile of the Lovina wells was different than many of our previous wells, and we are glad to see them achieving the lower decline rates, predicted by our team, resulting in the strong forecasted IRRs. The early production data from the Barnes wells is very similar, including the high oil percentages, so we are hopeful that those wells will have similar results,” Regener said.