Nighthawk Energy Share News (HAWK)

US-focused oil group Nighthawk Energy said no problems have been encountered at the first lateral well to be drilled at the Jolly Ranch project in Colorado.The Craig 15-32-L well hs been drilled to a total depth of 8,554 feet of which 2,006 feet was the horizontal leg through the Cherokee formation. The well is currently being cased and the horizontal leg will be ‘fracced’ ahead of production; ‘fraccing’ is the practice of fracturing rock layers to provide better gas access.Nighthawk holds a 50% working interest in the Jolly Ranch project, which is located in Lincoln, Elbert and Washington Counties, Colorado.