NEW: No-Cost Streetwise Live! Events. This type of intellectual capital is usually not made available to the general public. Learn More

Get the Latest Investment Ideas Delivered Straight to Your Inbox.

News Update

TICKERS: TRCH

Drilling Completed on Oil & Gas Company's Well in Wolfcamp A
News Update

Share on Stocktwits

Source:

Fracking is the next step for the Torchlight Energy Resources well.

In a news release, Torchlight Energy Resources Inc. (TRCH:NASDAQ) announced that drilling and casing of the Flying B Ranch #4H well on its Hazel property were completed by the option holders.

The company noted that the horizontal segment of the well that is in the Wolfcamp A zone of the Midland Basin was successfully steered from start to finish. It stayed in zone and reached the desired horizontal length of about 7,500 feet.

"It is positive news that the Flying B Ranch #4H was drilled successfully and stayed in zone to the desired horizontal length," Torchlight CEO John Brda said in the release.

Next for Flying B Ranch #4H is fracking, equipment for which is expected to arrive on site in October 2020.

"The stimulation on this well will be significantly larger with 3,200 pounds of sand per foot in order to maximize the potential production from the wellbore," added Brda.

[NLINSERT]

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Torchlight Energy. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Torchlight Energy. Please click here for more information.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Torchlight Energy, a company mentioned in this article.




Learn More about Streetwise Reports Live

Want to read more about Oil & Gas - Exploration & Production investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe