Chama Resources Wildcat Rumored to have hit a Gusher in Mississippian Age Limestones

Aerial View of location of Chama Oil Pronghorn State #16-15-48-1H in Cheynne County Colorado. Aerial Image Credit -  Google Earth

Aerial View of location of Chama Oil Pronghorn State #16-15-48-1H in Cheynne County Colorado. Aerial Image Credit – Google Earth

Today it was reported by the Denver Business Journal that Chama Oil & Minerals LLC has hit a gusher of over 2000 bopd from the company’s PRONGHORN STATE 16-15-48 #1-P well located at 38.73687 -102.77848 in the Denver-Julesberg Basin.  Details of the discovery are very sketchy at this time.

The wildcat well named PRONGHORN STATE 16-15-48 #1-P is located in eastern Colorado’s Cheyenne County just two miles south of the town of Kit Carson.  As a comparison, EOG’s famous JAKE well which ignited the Niobrara play came in with an IP of 1700 bopd.

Colorado Oil and Gas Conservation Commission (COGCC) records indicate the well’s horizontal well sidetracks were completed in the Pennsylvanian Age Morrow Group’s – Keyes sandstone formation, and the Mississippian Age Spergen(Salem) and St Louis limestone formations.

COGCC records on this well are being held confidential by the COGCC until October 16th, 2013. The confidentiality of the drilling and completion results allow the company to keep their proprietary information confidential so it will have an opportunity to capitalize on its discovery.

 

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