FieldPoint Petroleum Corp. (NYSE-MKT: FPP) has provided an update on the production from its most recently completed well in Lea County, New Mexico.
FieldPoint's Executive Chairman, Roger Bryant, stated, "Our drilling partner, Cimarex Energy Co. (NYSE: XEC), has provided us with a progress report on our newest well, the East Lusk Federal 15 #3, in Lea County, New Mexico. For the dates August 14 through August 20, the well averaged producing oil at 730 Bopd and natural gas at 569 Mcfpd. We are very pleased with the way this well is performing at this point, and we will provide periodic updates on this well as it goes through this early stage production."
FieldPoint owns a 43.75% working interest in East Lusk Federal #1 and #2, and will own the same percentage of East Lusk Federal #3 in Section 15 of this field.
The company is engaged in oil and gas exploration, production and acquisition, primarily in New Mexico, Oklahoma, Texas and Wyoming.