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Alta Mesa Holdings, LP
Meridian Reports Test Results of Davis A-388 No. 1 Well in East Texas Austin Chalk Play
HOUSTON, Aug. 28, 2008 (GLOBE NEWSWIRE) -- The Meridian Resource Corporation (NYSE:TMR) today announced initial production test results on its Davis A-388 No. 1 well, located in Polk County, Texas in the Company's East Texas Austin Chalk Play. The well was recently tested at gross daily flow rates as high as 19 million cubic feet of natural gas per day ("Mmcf/d") and 3,200 barrels of oil per day ("BOPD"). Flowing tubing pressure was measured at approximately 1,200 pounds per square inch through an open choke. Instantaneous shut-in pressure was measured at 4,650 psi. The well was drilled vertically to approximately 13,000 feet then added two horizontal laterals. The first lateral extends approximately 6,000 feet in length with the second extending approximately 5,500 feet for a total wellbore exposure in the Austin Chalk of 11,500 feet.