Crude Energy LLC said Oct. 29 that it is accepting advanced investments from accredited investors for its Blue Wolf #1 test well in the Permian Basin.
The well targets the Lower WolfCamp, and other potential zones include Cisco, Canyon, Cline, Strawn, Mississippian, Fusselman, Montoya and Ellenburger, Crude Energy said. The 8,600 foot well is expected to drill to 5,600 feet.
Blue Wolf #1 is scheduled to begin drilling on Dec. 15, and is scheduled to be completed on Jan. 30, 2015.
“We have a proven track record of success in the Permian and we have no doubt that the Blue Wolf will add production and value to our portfolio,” said president Parker Hallam.
Dallas-based Crude Energy LLC produces and develops domestic oil and natural gas.
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