Best Well In TN
Hornet Corporation Donny Ray #1 2014 Best Oil Well In Tennessee
Tennessee Oil & Gas Association’s (TOGA) today named Hornet Corporation’s Donny Ray #1, the state’s largest producing oil well for 2014.
The Overton County Donny Ray #1, was drilled to a total depth of 2170′ , located at 36 27′ 49″ latitude, 85 18′ 54.6″ longitude, initially flowed back at 225 BPD after an acid stimulation.
“We are holding back a good deal of gas at the well head, which may lower daily production but will likely extend the productive life of the well,” said Alan Murrell, Hornet Corporation owner. “We want to produce it conservatively and get more oil over the long haul.”
During 2014, the Hornet well produced a total of 17,688 barrels of oil. Cumulative production for the remainder of 2013, 2014 and thorough March 2015 has been 26,266.91 barrels.
“While we are proud of the Donnie Ray #1, we believe we have additional prospects we plan to drill in 2015 and 2016 that have the potential to be every bit as productive as the Donnie Ray #1, if not better,” said Murrell.
Hornet’s success to date, as well as having produced the best well in the state of Tennessee earned him the first ever Tennessee Oil & Gas Association’s (TOGA) 2014
“The TOGA Muddy Boots award is presented to an oil man who has demonstrated his willingness to get his boots muddy to be successful. Alan Murrell is such a man, so he earned the 2014 Boom Maker title as the Muddy Boots recipient, ” said Will Goodwin, TOGA Chairman.
Murrell, a Kentucky native, with more than 18 years oil and gas experience in the Appalachian Basin, launched Hendersonville,TN- based Hornet Corporation in 2010.
“We were very fortunate to have been successful for the start and now have several wells being among the Volunteer state’s best producers.
“We also plan to drill up to 30 more wells in 2015 on prospects we have been developing,” Murrell added.