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ouston American Energy Corp. today announced an update on operations on the Frost #1H well located in the Northwest Shelf of the Midland basin. in Yoakum County. Texas.
Frac operations for the Frost 1-H have been completed and the well has been put on production as of June 5. 2019. The well began producing oil immediately and has been in the process of unloading the frac fluid while continuing to produce oil. Once the process of cleaning up the well is completed. the company will then be able to announce an initial production rate.
Houston American Energy holds a 12.5% working interest (subject to a 10% back-in after payout) in the 650-acre prospect.
Jim Schoonover. interim CEO of Houston American Energy. stated We are pleased with the performance of the well to date recognizing the limited history of the well. However. having oil production from the outset is very positive.
