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FieldPoint Petroleum

Latest News

FieldPoint Petroleum Reports Status of Drilling Program in Lea County, NM

Monday, October 14th, 2013 and is filed under Drilling Announcements

FieldPoint Petroleum Corporation (NYSE/MKT:FPP) announced today that it has been informed by its drilling partner, Cimarex Energy Co. (XEC), that preparations have been completed to file the application to permit the drilling of a fourth well in the East Lusk Federal Section 15 of Lea County New Mexico. Both companies are anxious for the Bureau of Land Management to re-open so this process can be completed.

FieldPoint’s Executive Chairman, Roger Bryant, stated, “We have been very pleased with the results of our three existing wells on this property, all drilled with Cimarex as our drilling partner. We are hopeful that the government shut-down will end soon so that drilling can begin. There is still time to drill this well before year end if the roadblocks are removed. 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 on Progress of Well #3 in Lea County, NM

Monday, July 29th, 2013 and is filed under Drilling Announcements

FieldPoint Petroleum Corporation (NYSE/MKT:FPP) announced today that the Company and its drilling partner Cimarex Energy Co., www.cimarex.com, have elected to complete the East Lusk Federal 15 well #3 in the Bone Spring Formation and plan to frac the well beginning today.

FieldPoint’s Chairman, Roger Bryant, stated, “FieldPoint has signed a casing point election to proceed with the completion of our third well on the East Lusk 15 Federal property. We expect that it will take two or three days to complete the fracture stimulation. We have been very pleased with the success of our first two horizontal wells on this property, and with our drilling partner, Cimarex. As in the past we will attempt to keep our shareholders up to date as progress is made with the completion of this new well.” Read More

FieldPoint Petroleum Begins Drilling Third Horizontal Well Project in Lea County, NM

Tuesday, June 25th, 2013 and is filed under Drilling Announcements

FieldPoint Petroleum Corporation (NYSE/AMEX: FPP) announced today that drilling is well underway on the East Lusk 15 Federal #3 in Lea County, New Mexico. The Company has an operating agreement with Cimarex Energy Co, (NYSE: XEC) www.cimarex.com, to drill this well that will target the Bone Spring formation.

As with the Company’s two other wells on this property, this horizontal well is planned to be drilled vertically to a depth of approximately 9,500 feet, to the Bone Spring formation, and approximately 4,000 to 5,000 feet laterally within the formation to the bottom hole location. Drilling has currently passed 4,500 feet in the vertical portion. Read More

FieldPoint Petroleum and Industry Partners Begin Drilling in Goliad County, Texas

Monday, May 13th, 2013 and is filed under Drilling Announcements

FieldPoint Petroleum Corporation (NYSE/MKT: FPP) announced today that, with its industry partners, drilling has begun on the Irby #1 vertical Wilcox test well that will be drilled to a depth of approximately 8,900 feet to the prospective reservoir. If successful, the well should be drilled and completed within the next 60 to 90 days and FPP will own a 10% working interest in the well.

FPP also announced that it has signed an operating agreement with Cimarex Energy Co, to drill a third horizontal well that will target the Bone Spring formation on its East Lusk Federal Section 15 property located in Lea County, New Mexico. If successful, there is the possibility of drilling a fourth well on this property by the end of the year. Total cost for each well will be approximately $7,000,000. Read More

FieldPoint Petroleum Provides Update

Thursday, January 10th, 2013 and is filed under Drilling Announcements

FieldPoint Petroleum Corporation (NYSE/MKT:FPP) announced today that the Company and its partners plan to drill their third well in the East Lusk Section 15 in Lea County New Mexico. Drilling is expected to begin within approximately six months .

FieldPoint’s President and CEO, Ray Reaves, stated, “We are very pleased with the results to date of our two existing wells on this property, both drilled with Cimarex (NYSE:XEC) as our drilling partner. As with those two wells, FieldPoint will own a 43.75% working interest, Cimarex will own 37.5%, and other partners will own the remaining 18.75% working interest in well #3.” 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

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