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Tecolote hits Western Anadarko lateral record

Private equity-backed player also sets county record for initial oil production

Private-equity backed Tecolote Energy said this week it had drilled the longest horizontal lateral to date in the Western Anadarko basin of Texas and Oklahoma.

The well, located in Hemphill County, Texas, was drilled to a total depth of 21,529 feet, with a 12,592-foot lateral.

While operators in the Scoop and Stack plays in the eastern part of the Anadarko basin have been drilling longer laterals with some success, the technology is only starting to catch on in the western part of the basin.

The well set another record, hitting the highest reported oil production rate from a well in Hemphill County. It produced at a 30-day initial production (IP) rate of 2439 barrels of oil equivalent per day, of which 84% of the production was oil and natural gas liquids.

Production rates on a 24-hour basis reached 2815 boe per day, of which 1332 barrels were oil. The well produced a cumulative volume of 35,015 barrels of oil in 30 days.

A second extended lateral targeting the Granite Wash Marmaton ‘D’ formation achieved a 30-day IP rate of 1934 barrels of oil equivalent per day, 58% of which was oil and natural gas liquids. The well was completed in 7257 feet of pay and reached a 24-hour IP rate of 2320 boe per day.

The company is preparing to drill four more extended laterals, two of which are more than 10,000 feet. The other two are longer than 7500 feet.

"We expect to see similar results with high flow rates of oil and liquids rich gas as we continue to demonstrate the excellent economics and productivity of our 210,000 acre HBP position in the Western Anadarko Basin," Tecolote chief executive Maurice Storm said.

Tecolote Energy was formed in 2015 with capital from its management team and private equity firm NGP.