Now or Never Prospect - Coyle Concord #1 exploration well (EF VC12, LP)
Results: Discovered 6 Wilcox pay sands Status: Producing
Overview of the Coyle Concord #1
The Now or Never is a deep vertical exploration well targeting the Wilcox gas-filled sands between 9,000 and 13,000’. We discovered deep pay sands with gas but they were tight when perforated and flow tested, requiring expensive fracs to test their productivity. The decision was made to complete and produce the Upper Wilcox sands where porosities and permeabilities were higher. The flow tests justified the installation of facilities and flowlines.
The well began production on May 1, 2018 and continues producing both gas and oil commercially, yielding monthly revenue checks for our investors.
Funded July 2017. Drilling began August 16, 2017. Oil & gas production began May 2018. First revenue checks paid out August 2018.