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MDM Permian Inc MDMP

MDM Permian, Inc. is an oil and gas exploration and production company engaged in delivering sustainable energy solutions. The company's diverse portfolio spans across multiple regions. The Company is in the business of acquiring, leasing, exploring, and developing oil and natural gas properties, primarily in the Permian Basin of Texas as well as the East Texas Basin. The Company and its subsidiary, MDM Energy, Inc., are engaged in the exploration and drilling and production of oil and gas reserves in Texas.


OTCPK:MDMP - Post by User

Post by AveragePennyon Dec 23, 2021 1:04pm
117 Views
Post# 34258457

MDM Permian, Inc. Brown #1 Field Operations Update

MDM Permian, Inc. Brown #1 Field Operations UpdateMDM Energy, Inc. the wholly owned operating company for MDM Permian, Inc., has today announced that work has begun on the Brown #1 well re-completion. The well, in Nolan County, Texas, was originally drilled by North American Drilling Corp. in Oct. 2014. Brown #1 was perforated and completed in the Ellenburger formation at a depth of 6578 to 6590. The zone made a small amount of oil and turned to water. MDM believes this was the result of perforating the entire section instead of just the top four feet.

During the week of December 13, we had a Permian Services rig at the location to remove the rods and tubing. This was in preparation for PSI Wireline to set a CIBP (cast iron bridge plug) at 6530 ft. to plug off the previously opened Ellenburger. PSI then set about 20 ft of cement on top of the plug to satisfy RRC plugging requirements. The hole was then loaded with water in preparation for logging.

PSI wireline ran a Gamma Ray Log, CCL (collar locator), and Bond Log. There appears to be a good cement bond across the Strawn section. We then had PSI perforate the Strawn at 6314 to 6327 with 5 shots per foot. The Strawn, at this level, calculates to an average of 19% SW. This means there is very little chance for water production. The Ellenburger calculated as high as 40% in the lower section.

https://www.otcmarkets.com/otcapi/company/dns/news/document/55887/content
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