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Deutsche Rohstoff AG: 2026 development on track– first pad delivers strong initial production
Für Sie zusammengefasst
- First pad yields 6,000 BOPD combined early
- Commissioning 20 gross wells planned by early July
- Ohio acreage expansion enables Utica drilling 2027
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EQS-News: Deutsche Rohstoff AG / Key word(s): Miscellaneous |
2026 development on track– first pad delivers strong initial production
The operational development of Deutsche Rohstoff AG’s US oil and gas business continues to be very positive. The 2026 drilling program is being implemented as planned and once again confirms the high quality of the acreage in the Powder River Basin as well as the operational capabilities of the responsible subsidiary, 1876 Resources.
The first well pad of the current development program, the Dillon/Billings Pad, with four wells in the Niobrara formation, was successfully brought into production in mid-May. 1876’s working interest in the wells is 98%. With an average of 1,500 BOPD per well after three weeks, the four wells are producing stronger than comparable well pads in Wyoming. This strong performance is also an indicator that the further-improved completion design is leading to significantly higher production.
In addition, two further wells on the Lost Springs Pad were brought into production in the final days of May, and flowback operations have begun.
In total, Deutsche Rohstoff expects to bring eleven of its own operated wells and nine non-operated wells into production by the end of the second quarter of 2026. For the first time, this includes three of its own three-mile wells with a working interest of over 80%, which are currently being completed. Additional efficiency gains are expected from these longer wells.
- The first four new wells drilled in 2026 reached combined 6,000 barrels of oil per day (BOPD) three weeks after production started
- Commissioning of 20 gross wells (14 net wells) planned by early July
- An additional twelve gross wells expected by the start of the fourth quarter
- Production of over 20,000 barrels of oil equivalent per day (BOEPD) expected as early as July
- Drilling program can be expanded from the current 26 planned wells to over 30 wells
- Successful acreage development in Ohio creates additional drilling potential
The operational development of Deutsche Rohstoff AG’s US oil and gas business continues to be very positive. The 2026 drilling program is being implemented as planned and once again confirms the high quality of the acreage in the Powder River Basin as well as the operational capabilities of the responsible subsidiary, 1876 Resources.
The first well pad of the current development program, the Dillon/Billings Pad, with four wells in the Niobrara formation, was successfully brought into production in mid-May. 1876’s working interest in the wells is 98%. With an average of 1,500 BOPD per well after three weeks, the four wells are producing stronger than comparable well pads in Wyoming. This strong performance is also an indicator that the further-improved completion design is leading to significantly higher production.
In addition, two further wells on the Lost Springs Pad were brought into production in the final days of May, and flowback operations have begun.
In total, Deutsche Rohstoff expects to bring eleven of its own operated wells and nine non-operated wells into production by the end of the second quarter of 2026. For the first time, this includes three of its own three-mile wells with a working interest of over 80%, which are currently being completed. Additional efficiency gains are expected from these longer wells.
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