In a news release, Torchlight Energy Resources Inc. (TRCH:NASDAQ) announced that drilling and casing of the Flying B Ranch #4H well on its Hazel property were completed by the option holders.
The company noted that the horizontal segment of the well that is in the Wolfcamp A zone of the Midland Basin was successfully steered from start to finish. It stayed in zone and reached the desired horizontal length of about 7,500 feet.
"It is positive news that the Flying B Ranch #4H was drilled successfully and stayed in zone to the desired horizontal length," Torchlight CEO John Brda said in the release.
Next for Flying B Ranch #4H is fracking, equipment for which is expected to arrive on site in October 2020.
"The stimulation on this well will be significantly larger with 3,200 pounds of sand per foot in order to maximize the potential production from the wellbore," added Brda.
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