HOUSTON, June 4 /PRNewswire-FirstCall/ -- KCS Energy, Inc. (NYSE: KCS)
today announced that continued drilling and workover success at the 100%
working interest Elm Grove field in north Louisiana has increased production
rates to over 20 Mmcfpd.
Commenting on the increased production rates, William N. Hahne, President
and Chief Operating Officer of KCS Energy stated, "We have now brought five
new drill wells on line and recompleted eight existing wells. As a result,
operated field production rates have risen from an average of 6.1 MMcfpd in
2002 to over 20 Mmcfpd currently. We anticipate keeping two rigs active as we
drill 15 additional wells in the field during 2003 and will pursue further
drilling in subsequent years."
The latest three wells completed in the field include:
-- The Roos #11 which tested at 1,000 Mcfpd from a lower Cotton Valley
interval and 3,200 Mcfpd from the Cotton Valley Davis zone.
-- The Roos #12 which tested at 2,110 Mcfpd from a lower Cotton Valley
interval and 2,810 Mcfpd from the Cotton Valley Davis zone.
-- The Roos #13 which tested at 1,540 Mcfpd from a lower Cotton Valley
interval and 2,800 Mcfpd from the Cotton Valley Davis zone.
Work has begun to commingle the tested zones in each of these wells and
will be completed in the near future. The Company also anticipates additional
workovers in the field.
KCS is an independent energy company engaged in the acquisition,
exploration, development and production of natural gas and crude oil with
operations in the Mid-Continent and Gulf Coast regions. For more information
on KCS Energy, Inc., please visit the Company's web site at
http://www.kcsenergy.com .
The following abbreviations are utilized herein:
Mcf -- thousand cubic feet of natural gas
Mcfpd -- thousand cubic feet of natural gas per day
Mmcfpd -- million cubic feet of natural gas
This press release contains forward-looking statements that involve a
number of risks and uncertainties. Among the important factors that could
cause actual results to differ materially from those indicated by such
forward-looking statements are delays and difficulties in developing currently
owned properties, the failure of exploratory drilling to result in commercial
wells, delays due to the limited availability of drilling equipment and
personnel, fluctuations in oil and gas prices, general economic conditions and
the risk factors detailed from time to time in the Company's periodic reports
and registration statements filed with the Securities and Exchange Commission.
SOURCE KCS Energy, Inc.
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Related links:
http://www.kcsenergy.com
CONTACT:
James W. Christmas, Chairman and CEO of KCS
Energy, Inc., +1-713-877-8006, or General Info., Marilyn Meek,
+1-212-445-8451, Analyst Info., Peter Seltzberg, +1-212-445-8457,
or Media Info., Suzie Pileggi, +1-212-445-8170, all of FRB Weber
Shandwick
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