Bayou Bend Petroleum Ltd. begins production at its Eagles Nest field in Eugene Island Block 6. Bayou Bend and partner Contango has drilled this well as part of the Marsh Island project in the second quarter of this year.
The well commenced production on July 24, 2008 and is currently flowing at 35.1 MMCF/D and 744 BC/D with 9170 psi FTP. The well is tied into Contangos EI 11 production facility for processing and sales. Bayou Bend has a 12.45% working interest in the prospect.
Bayou Bend President and CEO, Clint Coldren, said we are pleased that we have first production from our Eagles Nest discovery which exceeds our volume expectations.
We have been able to bring the production on line only 8 weeks after completion of the well. The Mt. Moran North and EI 164 prospects continue to be executed on schedule and we should see results from both of these wells in the near term, he added.
Our exploration team continues to be very active in planning out the remaining wells of our 2008 capital program, concluded Mr, Coldren.