Here's some news for anyone in to big board oil companies. This company is just over $20.00 today, 52 week high was $40.00.
Friday February 4, 10:54 am Eastern Time
Company Press Release
SOURCE: CMS Energy Corporation
CMS Oil and Gas Announces Completion of Colombia Well
HOUSTON, Feb. 4 /PRNewswire/ -- CMS Energy Corporation's (NYSE: CMS - news) oil and gas exploration and production unit, CMS Oil and Gas Company, today announced the successful completion of the Venganza-4H well, the first horizontal well drilled in the Matachin Field in the Espinal Block in Colombia's Magdelena Valley basin. CMS holds a 15 percent working interest in the Espinal Block. Ecopetrol, the Colombian state oil company, is the other non-operator working interest owner in the block.
The well, which is operated by Petrobras Colombia Limited, tested production at a rate of 7,000 barrels per day of 28 degree API gravity oil, on natural flow from the Guadalupe formation. The well was drilled to a depth of 7,875 feet, with a horizontal extension of 2,198 feet.
Three additional horizontal wells are planned to be drilled in the Espinal Block during 2000.
CMS Oil and Gas Company is among America's 50 largest independent oil and gas companies in production and reserves. It is engaged in exploration and/or production in five states and internationally in eight countries.
CMS Energy Corporation has annual sales of more than $6 billion and assets of about $15 billion throughout the U.S. and in 22 countries around the world with businesses in electric and natural gas utility operations; independent power production; natural gas pipelines, gathering, processing and storage; oil and gas exploration and production; and energy marketing, services and trading.
SOURCE: CMS Energy Corporation
----------------------------------------------------------------------
PSN
|
