Miller Energy Resources’s RU-3 Well Comes into Production

Miller Energy Resources, Inc (NYSE:MILL) announced that through its Alaskan subsidiary, Cook Inlet Energy (CIE), the  RU-3 gas well has been brought into production.

As quoted in the press release:

After a successful well test on February 16, the gas well was immediately put into production. This new source of natural gas, together with gas produced from CIE’s RU-4 well which was previously brought online, further eliminates the need to purchase costly fuel gas from third parties. RU-3 showed an initial post-workover shut-in pressure of 2,135 PSI.

CIE’s CEO, David Hall, said:

We’re very pleased with RU-3 four-point flow test results as well as recent success with RU-4; this now establishes gas production from two out of six compartmentalized fault blocks on the Redoubt structure which we have high level of confidence the remaining un-tapped fault blocks will prove gas productive.

To view the whole press release, click here.