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. These 5 new wells have produced over 100,000 barrels of oil to date. DDD Exploration plans to drill 2 additional wells in the first quarter of 2021.