The Frost #1H well is located in the Northwest Shelf of the Midland Basis, in Yoakum County, Texas, and targets the exploration component of the San Andres Formation. 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, “The operator of our Frost #1H well has initiated fracing operations on the completed well. Production facilities have been built on the site to support a multi-well program, including access to a saltwater disposal well. We anticipate bringing product to sale as soon as possible following completion of fracking.
Our operator has previously indicated that our Yoakum County lease acreage may support up to five additional horizontal wells.”
“Once initial production volumes are known, we will announce results and approximate timing on further development of the lease.”