Kolibri Global Energy Inc., an operator in the Tishomingo Field in Oklahoma, reported strong performance at its Alicia Renee well pad, according to a Dec. 5 press release.

The initial 30-day average production rate for the Alicia Renee 2-11-3H was 1,062 boe/d (711 bbl/d of oil); the Alicia Renee 2-11-4H averaged 883 boe/d (593 bbl/d); and the Alicia Renee 2-11-5H well averaged 706 boe/d (474 bbl/d), California-based Kolibri said in the release.

Wolf Regener, Kolibri president and CEO, said he expects the wells to be more economic than the company forecasted. The company reported an estimated average cost for the facilities and drilling and completion of these wells at under $6.3 million per well.

"The expected all-in costs of less than US$6.3 million per well, combined with the great production results so far, indicate the wells to likely be more economic than we had forecast,” Regener said.

The wells’ current production is approximately 1,080 boe/d for the Alicia Renee 2-11-3H; 980 boe/d for the Alicia Renee 2-11-4H; and 800 boe/d at the Alicia Renee 2-11-5H well.

Kolibri owns a 100% working interest in the wells, which were drilled at a six-well per section spacing pattern with a lateral length of 1.5 miles.

“Assuming the wells continue to perform as we anticipate, it should lead to demonstrating the higher rates of return and efficiencies that we were hoping for,” Regener said. “Even with the expected natural declines from the wells, adding these three wells to our existing production, which was 3,032 [boe/d] in the quarter ended September 30, 2024, we expect our cash flow to be significantly increased in the fourth quarter and into 2025.”

Comments