609 Castle Ridge Road, Suite 335, Austin TX 78746. (512) 579-3560

FPP
0.312
+0.002 (0.48%)

FieldPoint Petroleum

Latest News

FieldPoint Petroleum Begins Workover Program

Thursday, March 13th, 2014 and is filed under Well Updates

FieldPoint Petroleum Corporation (NYSE/MKT:FPP) today reported that it has launched a program to workover existing wells where it believes production can be increased, or in some cases resumed, in a cost effective manner.

FieldPoint President, Phillip Roberson, stated, “This workover program commenced in February with two Devonian wells located in Andrews County, Texas. The first of these wells had been non-producing since late 2010 and the second well produced sporadically during 2013. As of today, these wells together are producing 30 barrels of oil per day (bopd). Production is continuing to increase slowly from each of the wells, and we expect to see them reach stable production soon. As part of this launch, we tested a new multi-phase cleaning system on one of these wells, and believe it may have contributed to the results we are seeing. We plan to test this system with at least three more wells before reaching conclusions about its effectiveness. If we achieve similar results, we expect to use this system more widely in our workover program.” Read More

FieldPoint Petroleum Provides Update for Well #3 in Lea County, NM

Monday, September 9th, 2013 and is filed under Well Updates

FieldPoint Petroleum Corporation (NYSE MKT:FPP) today provided an update on the production from its most recently completed well in Lea County, New Mexico.

FieldPoint’s Executive Chairman, Roger Bryant, stated, “Our East Lusk Federal 15 #3, in Lea County, New Mexico, continues to perform very well. For the dates August 21, 2013, through September 7, 2013, the well averaged producing oil at 601 Bopd and natural gas at 604 Mcfpd. That puts this well on a par with, if not better than, our first two wells on this property at this point in production. As previously stated, the decision to drill a fourth well on this property depends in great part upon the success of this well. That decision will be made soon, and the performance of well #3 is very encouraging at this point. As we have done in the past, we will provide periodic updates on this well and our drilling program in this field.” Read More

FieldPoint Petroleum Provides Update for Well #3 in Lea County, NM

Wednesday, August 21st, 2013 and is filed under Well Updates

FieldPoint Petroleum Corporation (NYSE-MKT:FPP) today provided an update on the production from its most recently completed well in Lea County, New Mexico.

FieldPoint’s Executive Chairman, Roger Bryant, stated, “Our drilling partner, Cimarex Energy Co. (NYSE:XEC), has provided us with a progress report on our newest well, the East Lusk Federal 15 #3, in Lea County, New Mexico. For the dates August 14 through August 20, the well averaged producing oil at 730 Bopd and natural gas at 569 Mcfpd. Needless to say, we are very pleased with the way this well is performing at this point. As we have done in the past, we will provide periodic updates on this well as it goes through this early stage production.” Read More

FieldPoint Petroleum Reports Initial Production of Well #3 in Lea County, NM at 789 BOPD

Thursday, August 15th, 2013 and is filed under Well Updates

FieldPoint Petroleum Corporation (NYSE/MKT:FPP) today provided information on initial production from its recently completed East Lusk Federal 15 #3 well in Lea County, New Mexico.

FieldPoint’s Executive Chairman, Roger D. Bryant, stated, “I am very pleased to report that, although we are still in the early stages of recovering the frac load from the East Lusk Federal 15 #3 well, our drilling partner Cimarex Energy Co. (XEC) reported that on September 13, the well tested at 789 Bopd. As we have done in the past, we will provide periodic updates on this well as it goes through this early stage cyclical production. We believe that this well could contribute significantly to this year’s production and beyond.” Read More

FieldPoint Petroleum Reports Most Recent Production of Well #2 in Lea County, New Mexico at 564 BOPD

Thursday, October 11th, 2012 and is filed under Well Updates

FieldPoint Petroleum Corporation (NYSE/MKT:FPP) today provided an update on the latest production information from its recently completed East Lusk Federal 15 well #2 in Lea County, New Mexico.

FieldPoint’s President and CEO, Ray Reaves stated, “The last data we provided on this well was through September 24. With one day down timefrom September 25 through October 9, well production in BOPD was 761, 767, 761, 698, 733, 710, 683, 170, 714, 633, 565, 606, 594, 556, and 564 respectively, and we continue to sell, between 400 to 600 mcf per day. We are pleased with this production and will continue to watch this well with interest, but we will now begin to turn our attention more to the drilling of well #3 on this property and our other exploration and acquisition activities.” Read More

FieldPoint Petroleum Reports Most Recent Production of Well #2 in Lea County, New Mexico at 806 BOPD

Wednesday, September 26th, 2012 and is filed under Well Updates

FieldPoint Petroleum Corporation (NYSE/MKT:FPP) today provided an update on the latest production information from its recently completed East Lusk Federal 15 well #2 in Lea County, New Mexico.

FieldPoint’s President and CEO, Ray Reaves stated, “The last data we provided on this well was through September 17. From September 18 through September 24, well production in BOPD was 655, 841, 972, 615, 827, 765, and 806 respectively, and we continue to sell between 300 to 500 mcf of natural gas per day. As we have done in the past, we will continue to provide periodic updates on this well as it goes through this early stage cyclical production. We will do so until production shows signs of stabilizing.” Read More

FieldPoint Petroleum Reports Most Recent Production of Well #2 in Lea County, New Mexico at 827 BOPD

Wednesday, September 19th, 2012 and is filed under Well Updates

FieldPoint Petroleum Corporation (NYSE/MKT:FPP) today provided an update on the latest production information from its recently completed East Lusk Federal 15 well #2 in Lea County, New Mexico.

FieldPoint’s President and CEO, Ray Reaves stated, “The last data we provided on this well was through September 12. From September 13 through September 17, well production in BOPD was 705, 914, 664, 795, and 827 respectively, and we continue to sell between 360 to 500 mcf per day. We will, of course, continue to watch this well with continued interest but we hope that soon we can turn our attention more to the drilling of well #3 on this property and our other exploration and acquisition activities.” Read More

FieldPoint Petroleum Provides Production Update on Well #2 in Lea County, New Mexico

Friday, September 14th, 2012 and is filed under Well Updates

FieldPoint Petroleum Corporation (NYSE/MKT:FPP) today provided an update on the latest production information from its recently completed East Lusk Federal 15 well #2 in Lea County, New Mexico.

FieldPoint’s President and CEO, Ray Reaves stated, “We have promised to keep you informed as to the progress in production from this new well. The last data that we provided was through September 10. On September 11, the well produced 436 BOPD. On September 12, the well produced 692 BOPD, and gas was still being sold. We will of course continue to keep you informed as important events occur with this well and with any plans to drill a third well on this property. ” Read More

FieldPoint Petroleum Reports on Progress of Well #2 in Lea County, New Mexico

Friday, August 31st, 2012 and is filed under Well Updates

FieldPoint Petroleum Corporation (NYSE/MKT:FPP) announced today that the Company and its drilling partner Cimarex Energy Co., www.cimarex.com, have completed the multi-stage fracture stimulation on the East Lusk Federal 15 well #2 in the Bone Spring Formation and plan to flow back the well within approximately one week.

Ray Reaves, President and CEO of FieldPoint stated, “We are pleased to be able to announce the excellent progress that has been made on the drilling of our second well on this property. We are especially pleased to add that operation of the DCP MidStream Pipeline has resumed following a curtailment for repair that began in late June. Timing for this is very fortunate as we prepare for the completion of well #2. As in the past, we will attempt to keep our shareholders up to date as progress is made in this exploration activity.” Read More

FieldPoint Petroleum Reports on Well Production

Wednesday, February 1st, 2012 and is filed under Well Updates

FieldPoint Petroleum Corporation (NYSE/NYSE MKT: FPP) today provided an update on the latest production information from its recently completed East Lusk Federal 15 well #1 in Lea County, New Mexico.

FieldPoint’s President and CEO, Ray Reaves stated, “After more than a month since its completion, production from this new well appears to be stabilizing in the range of 600 BOPD for oil and 600 MCFPD for natural gas. Needless to say, we are very pleased with these numbers and hope to see the well continue to perform. The latest production report from yesterday showed 567 BOPD for oil and 804 MCFPD for natural gas. In the future we plan to only report on this well when noteworthy occurrences take place. We will, however, report regularly on the progress made in this field as we move toward the drilling of well #2.” Read More

Close