RE:New Press Release - Touchstone Provides Cascadura Production UpdateVery nice news, they are alredy on target production with both wells choked back, I was expecting a month to get there.
Touchstone achieved its forecasted Cascadura gross natural gas production rate of 60 million cubic feet per day ("MMcf/d") on September 15, 2023. The Cascadura-1ST1 well is currently contributing approximately 40 MMcf/d while the Cascadura Deep-1 well is contributing approximately 20 MMcf/d of gross natural gas volumes. In addition, the wells are currently producing an aggregate 1,400 barrels per day of field estimated gross natural gas liquids volumes.
Paul Baay, President and Chief Executive Officer, commented:
"I am very pleased that we have reached our gross target rate of 60 MMcf/d at Cascadura after our first week of operations. The performance of the wells, both of which are being choked at surface, is in line with expectations and the surface facility is currently operating at approximately 67 percent of its capacity."