DALLAS, July 14, 2016 (GLOBE NEWSWIRE) -- Peregrine Petroleum Partners, Ltd., doing business as PPP Petroleum, LP, has commenced drilling operations on its USA 5-29H Well in Ellis County, Oklahoma. The horizontal well, located in Section 29 of T17N-R23W, is designed to be drilled to a depth of 9,720’ TVD and 14,500’ MD in the lower Cleveland formation. Peregrine owns 94.1% of the drilling venture. Peregrine operates 49 wells and owns over 12,000 net acres in the lower Cleveland trend of Ellis and Roger Mills Counties, Oklahoma.
Peregrine Petroleum is a private exploration and production company generating sustainable long-term growth within the onshore Continental United States. Peregrine delivers results through a collaborative interdisciplinary approach focusing on repeatable trend plays with long-term investment potential. Peregrine team members act with integrity, honesty and operate in a safe and environmentally sound manner; each member contributes to and is accountable for the Company’s success.
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For more information, please contact: Rebecca Gibbs Rgibbs@peregrinegp.com
Source: Peregrine Petroleum