NEXT BRIDGE HYDROCARBONS, INC. ANNOUNCES PRELIMINARY RESULTS OF ITS JOHNSON PROSPECT DRILLING PROGRAM
MIDLAND, Texas, Jan. 19, 2024 /PRNewswire/ -- Next Bridge Hydrocarbons, Inc. ("Next Bridge," "our," "we," or the "Company"), an oil and natural gas exploration and production company with interests in Texas and Oklahoma announced today the following:
- These rates were from an open hole natural completion without the assistance of an acid job or a frac job.
- Additionally, the Johnson E15 #1, which is approximately 5,000+ feet away from the #4 discovery well, showed comparable gas flares while drilling the Penn Sand.
- This well is awaiting additional completion work as the Company's technical team and consultants are working to develop a drilling and completion program for best practices in this new field discovery.
- The entire team continues to work on strategies to effectively test this zone, and others, on the Johnson structure.