Successful Eagle Ford well completion for Crimson Exploration

Source: Crimson Exploration Inc.

Crimson Exploration Inc. (CXPO) today announced the KM Ranch #2H well (50.0% WI), targeting the Eagle Ford Shale formation in Zavala County, Texas, was successfully completed at a gross initial production rate of 511 Boepd, or 457 barrels of oil and 326 mcf of natural gas. The well was drilled to a total measured depth of 12,875 feet, including 5,250 feet of perforated lateral, and was completed using 16 stages of fracture stimulation. Crimson has approximately 6,550 net acres between Zavala and Dimmit counties, TX.

Allan D. Keel, President and Chief Executive Officer, commented, “Crimson continues to be very pleased with the progress we are making in the Zavala and Dimmit County area of south Texas. We believe the progression of improved results by Crimson and other offset operators has demonstrated that the Eagle Ford is an economically viable play in this part of the trend. Recent higher initial production rate wells drilled by other operators in the eastern portion of Zavala County, and immediately adjacent to Crimson’s leasehold, have been completed with average effective lateral lengths of approximately 7,500 feet. The average length is approximately 40-45% longer than the effective lateral length of the KM Ranch #2H implying, on a normalized basis, our results are in line with recent well results for the area. We believe our current stimulation recipe is consistent with other area operators and our next phase of development in this area will entail drilling lateral lengths greater than 7,000 feet, which our acreage position accommodates.”

Crimson Exploration is a Houston, TX-based independent energy company engaged in the acquisition, development, exploitation and production of crude oil and natural gas, primarily in the onshore Gulf Coast regions of the United States. The Company owns and operates conventional properties in Texas, Louisiana, Colorado and Mississippi, including approximately 18,500 net acres in Madison and Grimes counties in Southeast Texas, approximately 8,200 net acres in the Eagle Ford Shale in South Texas, approximately 11,000 net acres in the Denver Julesburg Basin of Colorado, and approximately 5,700 net acres in the Haynesville Shale, Mid-Bossier, and James Lime plays in San Augustine and Sabine counties in East Texas.

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