Touchstone Exploration Reports Production and New Well Results
Touchstone Exploration said the PS-623 well reached 6,500 feet and was placed onstream at a field-estimated flush rate of 387 bbls/d of oil. Third-quarter 2026 sales averaged 4,485 boe/d, including 19.4 MMcf/d of natural gas and 1,259 bbls/d of crude oil and liquids.
Touchstone Exploration announced that the PS-623 well reached a total depth of 6,500 feet, with wireline logs indicating approximately 450 feet of potential net hydrocarbon pay. The well was completed in the Cruse formation and placed onstream at a field-estimated flush production rate of 387 bbls/d of oil. The company also reported improved compressor reliability, with uptime reaching approximately 98 percent in September, which supported growth in average gross natural gas production to 13.0 MMcf/d. Third quarter 2026 sales volumes averaged 4,485 boe/d, consisting of 19.4 MMcf/d of natural gas and 1,259 bbls/d of crude oil and liquids.
Looking ahead, the company plans to conduct three optimization workovers at the Cascadura field and a workover at the Baraka-1 well before the end of 2026.