Millennium Exploration Put Three New Wells in Production in May 2016
San Antonio, Texas based Millennium Exploration Company placed three new Gulf Coast Basin oil and gas wells online in May of 2016.
San Antonio, Texas , June 14, 2016 (Newswire.com) - Millennium Exploration Company, a privately held oil and gas operator specializing in Texas Gulf Coast exploration, has put three new wells in production in the month of May, 2016.
Millennium's Roadrunner #1, Outback Hahn #2 and Mejia Unit #1 wells were placed into commercial production on May 12th, May 21st and May 31st respectively. The Roadrunner #1 was drilled in Refugio County, Texas to a depth of 6,605 feet and made a discovery in the regionally prolific Frio Sand at the 5,860 foot interval. Millennium Exploration and its partners have a combined 75% Working Interest in this unit.
The Outback Hahn #2 in which Millennium and its partners have a combined 10.5% Working Interest was drilled in Calhoun County, Texas to a depth of 8,350 feet and made a commercial discovery in the regionally prolific Frio Sand at the 8,114 foot interval.
The Griffin (Mejia Unit #1) well, in which Millennium and its partners have a combined 47% Working Interest, was drilled in Nueces County, Texas to a depth of 7,200 feet and made a commercial discovery in the regionally prolific Frio Sand at the 6,702 foot interval.
Millennium Exploration Company has been involved in the acquisition, drilling and production of Texas based oil and gas assets since July 2006. In nearly 10 years in business, Millennium has created and managed 52 joint ventures consisting of 70 combined wells with a current commercial completion average of about 69%. "I have great passion for the art and science of finding oil and gas. With three successful completions and only one dry hole in the first half of the year, we are well on our way to exceeding this year's production goals" added Richard Monroy, President & CEO of Millennium. The company has plans for four more new drills in the second half of 2016.
Source: Millennium Exploration Company