After re-entering the abandoned well, the company and its partners perforated and fracture stimulated two new reservoirs.

H-3 is now producing 240 barrels of oil per day and 450 thousand cubic feet of natural gas per day, flowing at 475 lbs of flowing tubing pressure, said CPR, which holds a 30% interest in the Jefferson-McLeod Project.

“As a result of this success and the previously announced success of the Childers-1 [in August], the company believes that it has at least 10 further development locations on its leases,” said CPC chief executive officer Jeffrey Clarke.

“[This comes] as well as an additional recompletion in the Huntington -1, to exploit this discovery and target the same reservoirs producing in the Huntington-3.”

He said recompletion operations were continuing in Utah and East Texas on several other wells, while the company pursued other development opportunities on its remaining East Texan acreage.

The company occupies about 12,000 acres in East Texas and roughly 22,000 acres of leasehold land in Utah.