‘3 newly drilled wells completed and are producing oil’
Dublin OH, October 16, 2014 — Cardinal Energy Group, Inc. (OTCQB: CEGX) is pleased to report that its Bradford Drilling Program is executing as planned. We have drilled 6 wells to date with 3 wells currently on-line. The Tannehill Sandstone is producing oil according to the anticipated results predicted from the engineering and geological evaluations. Other zones have also shown promise with shows of oil and gas during the logging process including the Hope Lime and Frye Sandstone. Primary production from the Bradford lease has increased to 35 BOPD resulting from the 3 newly drilled and completed wells; the 3 new wells are currently producing 25 BOPD.
Timothy Crawford, CEO of Cardinal, explains, “The increase in production from the 3 newly completed wells, the Bradford 6A, 5B, and the 5A are producing nicely. The 3 new wells increased production on the lease by 25 BOPD with an approximate average of 8.33 BOPD per well. We have just finished drilling the fifth well, the Bradford 7A, which will be completed tomorrow. We also finished drilling the 5B and we are logging and running casing on it. As for the Bradford B4B we are waiting on the injection permit to begin our water flood program, which is anticipated to increase the prospect’s overall production from each well.”
More information on Cardinal Energy Group, Inc. is available at www.cegx.us.
About the Tannehill: Abstract – The Tannehill Sandstone of Northwest Texas: Depositional Environments and Hydrocarbon Migration from the Basin to the Shelf – by NORMAN, GREGG A., Gunn Oil Company, Wichita Falls, Texas *
The Tannehill Sandstone was deposited by westward pro-grading fluvial, deltaic and submarine fan processes across the Eastern Shelf and into the Northeastern Midland Basin of Texas. These Middle Wolfcampian aged reservoirs comprise one of the longest oil producing trends in the region, extending over 100 miles across Northwest Texas. The majority of oil production to date has been found within fluvial and shelf delta distributary complexes. The reservoirs on the shelf are found at relatively shallow depths without any significant associated hydrocarbon source rocks. The basinal depositional systems, composed of shelf edge delta, slope and submarine fan complexes, represent low stand pro-gradation beyond the pre-existing shelf edges. These basinal facies downlap onto regionally extensive marine condensed sections and older carbonate banks that provide the hydrocarbon source for the Tannehill Sand. A very tortuous, yet continuous aquifer links basinal clastic systems to those on the shelf and has provided a conduit for long range hydrocarbon migration.
The application of sequence stratigraphy and crude oil geochemistry has significantly aided the understanding of this complex depositional system. These concepts have led to the development of new exploration objectives and proper time-stratigraphic identification of several existing oil and gas reservoirs in the basin province. This study focuses on the western half of the productive Tannehill trend, in a region of very active exploration and development.
*SOURCE: AAPG Search and Discovery Article #90936©1998 AAPG Southwest Section Meeting, Wichita Falls, Texas