Published 16 August 2012
Caza Oil & Gas has commenced drilling operations on its Copperline Bone Spring Prospect in Lea County, New Mexico.
The Caza Ridge 14 State #3H horizontal well has began drilling on 11 August and is the initial test well at Copperline.
The well will be drilled to a total vertical depth of nearly 11,500ft with a total measured depth of about 15,730ft.
Caza's primary target is the 3rd Bone Spring Sand at a vertical depth of about 11,315ft subsurface with potential secondary targets in the Delaware, Lower Brushy Canyon and Avalon Shale, as well as 1st and 2nd Bone Spring Sands.
The company has a 57.5% working interest before pay-out and about 68% working interest after pay-out in the Caza Ridge 14 State #3H well.
Commenting on the development Caza Oil & Gas CEO Michael Ford said, "In addition to Copperline, Caza has eight other horizontal Bone Spring prospects under lease including, Forehand Ranch, Lynch, Lennox, Quail Ridge, Bradley 29, Mad River, Two Mesas and Azotea Mesa. We intend to commence drilling operations on Forehand Ranch next, which is scheduled to take place in mid-September."
Caza is engaged in the acquisition, exploration, development and production of hydrocarbons through its subsidiary Caza Petroleum in Texas, Louisiana Gulf Coast, and the Permian Basin.
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