Cub Creek publishes strong production results

Cub Creek Energy (CCE) published today that 12 wells drilled on the company’s Markham pad in the DJ basin produced 4,113 barrel of oil equivalent (boe) per day (3,473 barrel of oil) during the initial 30 days of production. Production has stabilized over this period. However, Cub Creek expects even higher production rates over the coming weeks since some operational problems have been solved in the meantime. The company had completed the 12 wells in the 4th quarter of 2016. Average working interest of Cub Creek amounts to 74%.