Arrow Exploration has brought its fifth Ubaque well online in Colombia
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Arrow Exploration Corp has successfully brought its fifth Ubaque horizontal well, CNB HZ-6, into production at the Carrizales Norte field in Colombia. The well initially produced 2,250 barrels of oil per day (bopd) gross, and after installation of an electric submersible pump, it sustained production at over 1,900 bopd gross with a 31% water cut.
November 11, 2024 | 8:15 am
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POSITIVE IMPACT
Arrow Exploration's new well in Colombia is producing significant oil volumes, which could positively impact revenue and stock performance.
The successful production from the new well indicates a potential increase in revenue for Arrow Exploration, which could positively influence its stock price. The sustained production levels suggest operational efficiency and potential for future growth.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80