Torchlight Energy Resources Inc.

Torchlight Energy Resources Inc. , today announced that the Company has initiated the drilling phase of the University Maverick A24 #1 well in its Orogrande Basin drilling program with operator Maverick Operating and drilling partner Wolfbone Properties. The A24 #1 will be drilled to vertically test the “structural high” theory of Project Geologist Rich Masterson. The estimated depth of the well could be up to [...]

Torchlight Energy Resources Inc. , today announced that the Company has completed the drilling phase of the A39 #1 well in its Orogrande Basin drilling program with operator Maverick Operating and drilling partner Wolfbone Properties. The A39 #1 was drilled to a vertical depth of 4,035 feet and casing was set. Well logs and core samples were taken prior to casing the well and are currently being analyzed. Electric logs [...]

Torchlight Energy Resources Inc. , today announced that management will present at the 11th Annual LD Micro Invitational on Tuesday, December 4th at 7:30 a.m. PT / 10:30 p.m. ET at the Luxe Sunset Boulevard Hotel in Los Angeles, CA. John Brda, Chief Executive Officer, will host one-on-one meetings throughout the day on December 4th and 5th, 2018, and is scheduled to present as follows: 11th Annual LD Micro Invitational [...]

Torchlight Energy Resources Inc. , today announced that the Company has completed the drilling phase of the A11 #2 well in its Orogrande Basin drilling program with operator Maverick Operating and drilling partner Wolfbone Properties. The A11 #2 was drilled to a vertical depth of 4,009 feet and casing was set. Well logs and core samples were taken prior to casing the well and are currently being analyzed. Electric logs [...]

Torchlight Energy Resources Inc. today announced that the Company has spudded the first well of the next three planned wells for the Company’s Orogrande Basin Project with its operator Maverick Operating and its drilling partner Wolfbone Properties. The first well to be drilled is the University Rich A11 #2. The well will be a twin to Torchlight’s Rich A11 #1 well drilled in 2015. Torchlight experienced [...]

Company To Drill Three New Wells in its Orogrande Basin Project Torchlight Energy Resources, Inc. today announced that the Company has closed on debt financing totaling $6,000,000 and will be drilling three new wells on its Orogrande Basin Project in the coming months. Torchlight provided detailed operational updates for each of the Company’s three asset areas. Orogrande Basin Project: Torchlight Energy has secured [...]

Torchlight Energy Resources Inc. , today provided an operational progress update on its Orogrande Basin Project. Dual Lift Gas System: The Company’s Operator on the Orogrande Project, Maverick Operating, has successfully installed the gas lift system into the University Founders A25 1H wellbore. The system is designed to assist in the movement of fluids out of the lateral portion of the wellbore, which has been [...]

Orogrande Basin to Be Designated as A New Field Discovery PLANO, Texas, July 26, 2018 -- Torchlight Energy Resources Inc. , today announced that the Company’s Orogrande Project has begun to produce significant hydrocarbons from its University Founders A25 #1 well. The company has successfully drilled a 1,000-foot, proof-of-concept lateral and completed with a six-stage fracture stimulation in the Pennsylvania [...]

PLANO, Texas, May 07, 2018 -- Torchlight Energy Resources Inc. , today announced that the Company’s Winkler project in the Delaware Basin has begun with the drilling phase of the first project well, the UL 21 War-Wink 47 #2H. Torchlight’s operating partner, MECO IV has begun the pilot hole on the project and is currently drilling ahead at 3500 feet. The plan is to evaluate the various potential zones for a [...]

Torchlight Energy Resources today announced that stimulation of the Penn formation has been successfully completed on the University Founders A25 #1H horizontal well in the Orogrande Project. A total of six stages were fracture stimulated using 1.6MM pounds of sand at 60 bpm. Average stage breakdown pressure was 4,500 psi. The stage plugs have now been drilled and the flow testing phase has begun. "We are very pleased [...]