REHM FIELD DEVELOPMENT PROJECT
The Rehm Field (located in Hartley CO, TX) was discovered by Standard Oil in 1954 and was plugged and abandoned in 1971 after producing 732 MBO from seven wells out of the Canyon Granite Wash at a depth of 6100’. 3-D seismic showed this old abandoned field was a large structure where only a small portion of it had been drilled and produced. DDD Exploration completed its 5th new well in the field in March of 2020. The field is capable of producing over 300 BOPD but production has been reduced because of the low price of oil. In June of 2020, the field produced 5100 BO. In July of 2020, the field produced 6200 BO. In August of 2020, the field produced 6900 BO. In September of 2020, the field produced over 7400 BO.