Rango Energy Provides Update on the Drilling Operations on its Kettleman Middle
Dome Project in California
DALLAS, TEXAS -- (Marketwired) -- 07/10/13 -- Rango Energy, Inc.
(OTCBB:RAGO), an oil and gas development company, is pleased to
announce drilling has reached a depth of 8,556 feet on the planned
13,000 ft. first well at the Kettleman Middle Dome (KMD) project.
Drilling is currently turning through the Temblor Sands that lay
directly underneath the Monterey Shale. The drilling has recently
passed through a 1,750 foot thick section of the Monterey Shale and
will pass through the Temblor Sands, the Vaqueros sandstone, and the
Kreyenhagen Shale before reaching the McAdams formation at
approximately 12,000 feet.
The McAdams sandstone has been a prolific producer in the adjacent
Coalinga and Kettleman North Dome, with over 300 wells producing at
an average of over 2.7 MMBOE (million barrels equivalent) per well.
Within the North Dome both the Temblor Sands and the Vaqueros
sandstones were also prolific oil and gas formations. In 1928 the
first production from the Temblor within the Kettleman North Dome
generated Initial Production (IP) rates of 3,670 barrels per day of
oil and 80 million cubic feet of gas. The discovery well for the
Vaqueros sandstone at the North Dome occurred ten years later in 1938
and had IP rates of 560 barrels per day and 880 thousand cubic feet
Currently Occidental Petroleum has targeted the Kreyenhagen Shale for
production in the Kettleman Middle Dome area.
Craig Alford, PGeol., and Vice President of Rango Energy, commented,
"We are amazed at the potential of the Kettleman Middle Dome. Apart
from our target, the McAdams sandstone, there are a minimum of four
other oil and gas bearing horizons that could be put into production
by Rango at this site."
About Rango Energy
Rango Energy, Inc. is an exploration stage oil and natural gas
company with a strategy to identify, evaluate, explore, and develop
new opportunities for oil and natural gas production across North
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Rango Energy Inc.
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