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Golden Gate Petroleum ramps up production at Permian Project, Texas

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Golden Gate Petroleum (ASX: GGP) has reported production at its Permian Project in Texas of 1,376 barrels of oil and almost 4 million cubic feet of gas in the two weeks to 31 December 2013.

It also received 268 barrels of oil and 72,000 cubic feet of gas from its share in the Napoleonville Project and 5bbl of oil and 523,000cf of gas from the Bowtie West Project.

The company had in the previous two week period re-established electrical power to all of its wells at the Permian Project in Texas after severe weather in the U.S. caused a substantial outage of electrical power over a wide area.

Production during that period was 441bbl of oil and 3.3MMcf of gas.

In addition, production from the Napoleonville Project is down from the previous period due to the Dugas & Leblanc-3 well being shut in for the installation of a new jet pump.

 

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