HOUSTON, Oct. 17 /PRNewswire/ -- KCS Energy, Inc. (NYSE: KCS) today
announced recent results in its North Louisiana drilling program. As
previously reported, the Willamette #1 well, in the Mt. Lebanon Field,
Bienville Parish, Louisiana began production in March. Since then, the well
has produced a total of 1.6 billion cubic feet (BCF) from two Hosston aged
sands and is currently producing 6,500 thousand cubic feet gas per day
(MCFGPD).
The Company continued its development of the field with the drilling of
two KCS operated, 320-acre offsets in the same Hosston interval. Both wells
were placed on production in early October. The LA. Minerals #1 (37.5% KCS
working interest) is currently producing at a rate of approximately 6,650
MCFGPD and 60 barrels of condensate per day (BCPD) while the Lathan Heirs #1
(23% KCS working interest) is producing 2,740 MCFGPD and 28 BCPD.
Additionally, the fourth well drilled in this field this year, the Sutton
Hunter #1 (41.4% KCS working interest) has recently been logged. Log analysis
indicates similar Hosston zones should be productive in this well. Two
additional wells are planned in this area in 2000 to further extend the limits
of the productive reservoir.
In Bossier Parish, Louisiana, KCS has been active in the Elm Grove Field.
Earlier in the year KCS completed two producers. Last week KCS completed and
placed on production the McDade #3 Alt well (100% KCS working interest) which
is producing approximately 1,700 MCFGPD from a Lower Cotton Valley sandstone
interval. KCS plans additional wells in this field in late 2000 or early 2001
as well as several recompletions in its existing wells.
Commenting on the North Louisiana drilling program, James W. Christmas,
President & CEO noted, "These well results, along with other third quarter
drilling success should positively impact fourth quarter production volumes as
well as year-end reserve additions. Our operational results continue to
confirm the Company's ability to replace reserves and increase value."
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. The Company also
purchases reserves (priority rights to future delivery of oil and gas) through
its Volumetric Production Payment (VPP) program. For more information on KCS
Energy, Inc., please visit the Company's web site at http://www.kcsenergy.com
To receive KCS' latest news and other corporate developments via fax at no
cost, please call 1-800-PRO-INFO. Use company code KCS. See also
http://www.frbinc.com .
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.
 back to top
Related links:
http://www.kcsenergy.com
CONTACT:
William N. Hahne, Chief Operating Officer of
KCS Energy, Inc., 713-877-8006, or General Info., Marilynn Meek,
or Media, David Closs, 212-661-8030, or Analysts, Beth Lewis,
617-342-7003, all of The Financial Relations Board
|
