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[STK]
[IN] OIL UTI GAS
[SU] DSC
TO BUSINESS, AND ENERGY EDITORS:
Crude Energy Spuds Red Wolf #1 Wolfcamp Well in Permian Basin
DALLAS, April 4, 2014 /PRNewswire/ -- Crude Energy, LLC, an
independent exploration and production company based in Dallas, Texas,
announced that it has spud the Crude-Red Wolf #1 on March 20, 2014 in
Sterling County, Texas. The Crude-Red Wolf #1 is the first vertical
Wolfcamp A exploratory well in a possible 50 well prospect on Crude's
leased acreage.
The Crude-Red Wolf #1 is a 9,100-foot test well targeting the Wolfcamp
A at 7,900 11,000 feet. Secondary objectives include the Cisco,
Canyon, Cline and Triple M formations.
Management anticipates the well will reach total depth in about 19
days. Well completion and testing should begin during the first week
of May.
Crude Energy President Parker Hallam stated, "We have great
sub-surface mapping to the Wolfcamp on our acreage and all of those
surrounding logs show good porosity and permeability and we are very
confident we will make a good Wolfcamp well with tremendous additional
behind-the-pipe assets." Hallam added, "As with most areas in the
Permian the stacked pay potential of these wells makes for a
tremendous long term producing asset for us and our investing
partners."
For more information on this and other activities of the Company, see
the Crude Energy website at http://www.crude.com.
Crude Energy has current oil and gas exploration projects all over the
United States.
About Crude Energy, LLC
Crude Energy was founded in 2008 to apply state-of-the-art petroleum
and natural gas exploration and extraction technology to the
development of onshore oil and natural gas projects. Our focus areas
include Texas, Oklahoma and North Dakota. Crude offers oil and gas
investment opportunities through direct participation programs and oil
and gas investment joint ventures which enable investors to
participate in the potential cash flow and unique tax benefits
associated with oil and gas investments. Especially important in a
downturned economy, oil and gas investments allow savvy investors to
diversify and reinforce their investment portfolios with a stable
commodity that is in steady demand.
Contact:
Jennifer Jones Director of Public Relations Crude Energy 214-716-2200
Read more news from Crude Energy, LLC.
SOURCE Crude Energy, LLC
-0- 04/04/2014
/Web Site: http://www.crude.com
CO: Crude Energy, LLC
ST: Texas
IN: OIL UTI GAS
SU: DSC
PRN
-- PH98099 --
0000 04/04/2014 12:30:00 EDT http://www.prnewswire.com
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