HOUSTON, Dec. 14 /PRNewswire/ -- KCS Energy, Inc. (NYSE: KCS) today
announced updates on the following operational items:
Continued Success at West Arcadia Field, North Louisiana
In the West Arcadia Field Area in Bienville Parish, Louisiana, the Sutton
Hunter #1 (KCS 31.4% working interest (WI)) has been completed and is
producing from two Hosston sand intervals at a combined rate of 10.5 million
cubic feet per day (MMCFPD) and 50 barrels condensate per day (BCPD). The
four completed wells in this field are currently producing approximately
30 MMCFPD. An additional KCS operated well, the Lathan #36-1 (KCS 33.3% WI),
has been drilled and logged and should be connected to a sales line by late-
December. This new well has 3 productive Hosston intervals by log analysis,
extending the productive limits of the field. KCS anticipates at least one
additional well will be spudded prior to the end of the year.
North Clara Stepout Well, Mississippi
The Mozingo #1 well (KCS 30% WI) was drilled as a northernmost development
well in the North Clara Field, Wayne County, Mississippi; which was discovered
in late 1998. The well found approximately 115 feet of apparent Smackover pay
by log analysis, or almost 50% more pay than the Clay #1 discovery well which
is currently producing at a rate of 3.7 MMCFPD and 800 BCPD with a cumulative
production of 4.4 billion cubic feet of gas equivalent (BCFE). Completion
operations on the Mozingo #1 are in progress.
Hartland Plant Startup Increases Michigan Production
First production from KCS operated wells flowing to the recently
constructed Hartland Plant in Livingston County, Michigan began November 23,
2000. The plant is currently processing 6.0 MMCFPD and 100 BCPD (KCS 98% WI)
from three wells connected to the plant with a fourth to be turned on shortly.
One additional well is expected to be connected to the plant in 2001.
Commenting on the operational results, James W. Christmas, President and
Chief Executive Officer commented, "Increased production from these activities
coupled with outstanding commodity prices will serve to further enhance the
Company's financial results which were at record levels for the last two
quarters."
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.
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Related links:
http://www.kcsenergy.com
CONTACT:
William N. Hahne, Sr. V.P. and COO of KCS
Energy, 713-877-8006; or General, Marilyn Meek, 212-661-8030,
Analyst, Beth Lewis, 617-342-7003, or Media, David Closs,
212-661-8030, all of The Financial Relations Board
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