"In 2012, Austin drilled a horizontal well in the Niobrara Shale, the Pathfinder C 11-12 1H, in Section 12, Township 20S, Range 70W. This well produces gas with a condensate/gas ratio (CGR) averaging 57 barrels per thousand standard cubic feet (bbl/MCF).
Production has been constrained in the intervening period due to the lack of gas sales and state regulations on flaring gas.
While the most recent gas rates recorded for the well during steady production are in the range of 50 MCF/D, a recent test in November 2016 yielded a rate of 695 MCF/D. This well is currently shut in, and has been assigned PDNP oil reserves based on its recent history, and additional Probable Developed NonProducing oil and gas reserves based on analysis of its testing at higher rates and Austin’s plans for establishing gas sales to a local cement plant in 2018."
