PEDEVCO Announces Completion of Drilling of Two New Horizontal Wells

Source: www.gulfoilandgas.com 1/6/2022, Location: North America

PEDEVCO Corp. has completed the drilling of two new horizontal wells in its Permian Basin Asset, with the lateral lengths of each landing 100% in the targeted upper San Andres zone. The first well, the State 402H, reached a true vertical depth (TVD) of 4,373 feet with a lateral length (MD) of 5,286 feet. The second well, the State 403H, reached 4,362 feet TVD and 5,610 feet MD. The Company plans to begin completion operations in mid-January and expects first production from both wells to commence by mid-February 2022.


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