Nighthawk, the US focused oil development and production company, announces an update on its 2015 Plans, recent production and drilling and other general corporate updates at its operations in the Denver-Julesburg Basin, Colorado.
Highlights – operational
2014 gross production increased by 96% to 706,319 barrels
Recently drilled three new wells in the Snow King field required to retain key acreage. Two have been completed in the Spergen zone and also had excellent shows of oil potential in the Marmaton zone. The third well is in the early stages of completion
Plan to drill 11 new wells targeting the Spergen zone (7 for Nighthawk and 4 for Monarch Joint Venture) during third and fourth quarters 2015 at an estimated cost of $19 million
Plan to complete 25 behind pipe projects during the year with many of the projects targeted for the first and second quarter at an estimated cost of $3.6 million