Frac operations on the Frost #1-H well have been completed and the well has been put on production as of 5 June 2019. Fraccing operations began on 20 May. The well began producing oil immediately and has been in the process of unloading the frac fluid while continuing to produce oil. Once the process of cleaning up the well is completed, the company intends to announce an initial production rate.
Houston American Energy holds a 12.5% working interest (subject to a 10% back-in after payout) in the 650-acre prospect.
Jim Schoonover, CEO of Houston American Energy, stated: "We are pleased with the performance of the well to date recognising the limited history of the well. However, having oil production from the outset is very positive."
Read the article online at: https://www.oilfieldtechnology.com/hydraulic-fracturing/17062019/frac-operations-on-houston-american-energys-frost-1-h-well-completed/
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