Kolibri Global Energy Boosts Tishomingo Field Production with New Fracture Stimulation Design
Event summary
- Kolibri's three Clifton Mack wells in Oklahoma's Tishomingo field are producing at a combined rate of 2,100 BOEPD, up 55% from the prior week.
- The new fracture stimulation design has led to faster recovery of frac fluid but delayed peak production rates.
- The Lovina 5-8-1HF well, using the same new design, is set to begin flowback next week.
- Successful results from the Lovina well could unlock additional drilling locations and increase reserves.
The big picture
Kolibri's success with its new fracture stimulation design in the Tishomingo field demonstrates the company's ability to optimize production techniques in mature plays. This operational improvement comes at a time when many independent producers are focusing on efficiency gains to maintain profitability in a volatile commodity price environment. The potential to unlock additional drilling locations could significantly enhance the field's long-term value.
What we're watching
- Production Trajectory
- Whether the Clifton Mack wells can sustain their current rate of improvement as they continue to clean up.
- Reserve Expansion
- The potential for the Lovina well to prove up a new bench, adding future drilling locations.
- Cash Flow Impact
- The pace at which increased production from these wells will translate into meaningful cash flow improvements.