Triple Diamond Energy Corporation Announces Drilling Reichers 3-1H Well
Horizontal Well in Kay County, OK a Company First
Dallas, TX – December 13, 2011 – Triple Diamond Energy Corporation commenced drilling the Reichers 3-1H well in Kay County, Oklahoma on December 2, 2011. This project will be the first horizontal well for the domestic oil producer, who currently maintains profitable operations in Garvin County, Oklahoma.
“We conducted significant research while planning this project so we would have a solid understanding of how best to proceed,” says TDEC President Chris Jent.
The area TDEC has leased for the project is in the heart of the Mississippi Lime play. Experts characterize Mississippi Lime as a regional carbonate found to be particularly oil prone. Company researchers identified horizontal drilling as the most economical method for tapping into this source, as over time horizontal drilling in the Mississippi Lime of Oklahoma has shown superior production levels as compared to vertical drilling operations in the same area.
The company expects to drill the Reichers 3-1H well to a vertical depth of 4,000 to 5,000 feet, and horizontally 3,000 to 3,500 feet. TDEC will continue to report updates on the well’s progress over the next several months.
Triple Diamond Energy broadcasts its activity regularly over the Internet at http://www.tdecorp.com.
About Triple Diamond Energy Corporation
Triple Diamond Energy Corporation (http://www.tdecorp.com/) is located in Dallas, Texas. Privately owned and operated, the oil and gas exploration company offers direct participation programs lead by a team of geologists and field personnel. TDE leverages industry experience to develop oil through operational excellence, creating investment diversification and highly competitive rates of return.
Contact
Chris Jent
17855 Dallas Parkway, Suite 140
Dallas, TX 75287
1-972-267-8600
cjent@TDEcorp.com
