Leland Energy Inc., through its subsidiary Leland Tennessee Holdings Inc., announced the commercial success of its H. Johnson well #6L in Pickett County, Tenn.
The well, drilled into the Stones River formation is the last of five wells in the first phase of its development program in Pickett County, Tenn.
The well started blowing light gas with a very heavy oil "mist" and turned quickly to oil, delivering over 1,000 bbl in the first 24 hours.
"It's been on free flow for just 24 hours thus far and seems to be holding pretty strong," said Stephen M. Thompson, president of Leland Energy. He added, "This, along with seven older wells that we're re-working on this portion of our lease holdings, seem to confirm our strong belief in Pickett County, particularly the Moodyville Quadrangle area."
Phase I of its development program called for the re-work and treatment of these seven old wells and the drilling of five new locations. All wells thus far are commercial producers. Phase II and Phase III are on schedule to develop surrounding acreage.
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