Richard Gouin, CEO of Weatherby Energy, LLC, (the “Company” or “Weatherby”), announced today that the Company has spud the Bain No. 12W a vertical well in Wilson County, Texas. The Bain No. 12W is the third vertical offset well in a 3 well project, the Wilson Garvin Prospect.
A drilling location was chosen and the survey was obtained prior to the Company receiving the farmout agreement. “The Bain No. 12W will test the Buda Limestone, Eagleford Shale and Austin Chalk formations for light sweet crude oil at a total depth of roughly 4500 feet,” Mr. Gouin stated.
Management anticipates reaching total depth in roughly 7 days to test the Buda Limestone formation. Completion operations should occur the second week of March 2015. Once total depth has been reached we will start completion activities.
“We are very excited about the potential of the Bain No. 12W based on the successful oil formations discovered in drilling the Bain No. 11W. Our logs for the Bain No. 11W show very promising productive formations in the Austin Chalk, Buda Limestone and Eagleford Shale” Mr. Gouin stated.
For more information on this and other activities of the Company, see the Weatherby Energy website at www.weatherbyenergy.com
This press release contains forward-looking statements with respect Weatherby Energy, LLC properties, and matters concerning the business, operations, strategy, and financial performance of Weatherby. These statements generally can be identified by use of forward-looking words such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intends”, “believe” or “continue” or the negative thereof or similar variations. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations, including that the estimates and projections regarding the properties are realized. Forward-looking statements are based on a number of assumptions, which may prove to be incorrect. Unless otherwise stated, all forward looking statements speak only as of the date of this press release and Weatherby does not undertake any obligation to update such statements except as required by law.
About Weatherby Energy, LLC
The Gouin family has been operating for three generations to apply state-of-the-art petroleum and natural gas exploration and extraction technology to the development of onshore oil and natural gas projects. Weatherby operates primarily in Oklahoma and Texas.
