From the January 7th Press Release:
"The Mustang 1H was successfully completed with a 19 stage completion in mid-December and is currently flowing to sales at rates above the Company’s in-house type curve.
This Well had its Initial Production Test on January 16th:
24 Hour Test on 22/64 Choke:
1,086 Barrels of Oil (38.1 Gravity)Light crude oil is defined as having an API gravity higher than 31.1 °API (less than 870 kg/m3:)oil with an API gravity between 40 and 45 commands the highest prices
689 MCF of Natural Gas
Flowing Tubing Pressure: 1260.0 PSI
Looks like a Very Good Well.
Also from January 7th Press Release:
"In McMullen County, the Cobra B 1H averaged 592 boepd (95% oil) on a restricted choke over its first 30 days of production"
The Cobra B had a 24 Test Initial Production on 12/03/2012 on 22/64 Choke:
907 Barrels of Oil (40.2 Gravity)
368 MCF of Natural Gas.
Flowing Tubing Pressure: 1,235 PSI
In McMullen County, the Mustang 1H produced an average 1,152 boepd (1,025 barrels of oil per day; 500 mcf of gas per day; 44 barrels of NGL per day) on a restricted choke over its first 30 days of production. The well continues to flow to sales at a rate of 999 boepd (847 barrels of oil per day; 914 mcf of gas per day) plus NGLs on a 22/64 ” choke. Completion crews are currently rigging up on the Corvette C 1H to complete the well with a 20 stage fracture stimulation. Abraxas recently reached TD on the Gran Torino A 1H with a fracture stimulation date anticipated in February. Abraxas today spudded the Company’s sixth well at WyCross, the Mustang 3H.
Abraxas owns a 25% working interest in the Corvette C 1H and an 18.75% working interest in the Mustang 1H, Gran Torino A 1H and Mustang 3H.