Highlands Natural Resources (HNR) announced today that it has completed operations for six new wells at the East Denver Project.
Highlands said that flowback has commenced in three of the six new wells.
The company stated “Provisional data from the three new wells flowing back … indicate that these wells should perform in line with the existing two wells drilled by Highlands”
The wells have been ranked in the top 3% of all Niobrara wells in the Denver Julesburg basin.
The original project well, Powell, is currently producing, with the other well, Wildhorse being prepared for production resuming in the near future.
The company told investors that it has a “7.5% carried interest in eight producing wells at East Denver and will be positioned to deliver revenues from the project throughout 2019.”
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