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Pacific Energy Announces Completion of Johnson Bottoms Unit Well
| Source: Pacific Energy & Mining Company
RENO, NV--(Marketwire - December 23, 2009) - Pacific Energy & Mining Company (PINKSHEETS : PEMC )
is pleased to announce that the initial well at the newly unitized Johnson
Bottoms Unit has been drilled and all production equipment has been
installed. The well was placed on production on December 19, 2009.
Approximately 3,000 feet of horizontal section was drilled. Production
testing over the next 60 days will help in determining the productivity of
the reservoir.
The Operator of the Unit is Questar Exploration and Production, subsidiary
of Questar Corp. The production is from the Greenriver formation at an
approximate depth of 7,000 ft. All information on the drilling of the
horizontal well is being held confidential.
For further information on the Unit agreement visit www.pemc.us
About PEMC
The Company, through a General Partnership, holds working interest in oil
wells in Cedar Rim Oil Field in Utah and working interest in numerous
non-operated oil and gas wells in Oklahoma. Additionally PEMC owns
interest in Brennan Bottoms Oil Field in Uintah County, Utah, and interests
in oil and gas fields in Grand County, Utah.
Disclaimer
The foregoing contains forward-looking information within the meaning of
The Private Securities Litigation Act of 1995. Such forward-looking
statements involve certain risks and uncertainties. The actual results may
differ materially from such forward-looking statements. The company does
not undertake to publicly update or revise its forward-looking statements
even if experience or further changes make it clear that any projected
results (expressed or implied) will not be realized.