By Andrea: http://oilshalegas.com
Arenal Energy Corporation recently released an update on the Austin Chalk Formation. The company is seeking oil reclamation and production opportunities in the Austin Chalk geologic formation, which extends through Texas into Louisiana and overlays the Eagle Ford shale formation.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Showing posts with label Austin Chalk. Show all posts
Showing posts with label Austin Chalk. Show all posts
Thursday, June 23, 2011
Pryme Energy Limited: Austin Chalk Formation Update
By Andrea: http://oilshalegas.com
Pryme Energy Limited (PYM.AX, POGLY.PK) recently provided an update on its operations in Louisiana, on the Turner Bayou project in the Austin Chalk Formation:
The Turner Bayou project comprises approximately 80 square miles (50,000 acres) which have been imaged by a proprietary 3D seismic survey. Primary targets are the Austin Chalk formation at 15,300 feet and the Eagle Ford formation at 16,000 feet.
Deshotels 13H No.1 (40% Working Interest / 30% NRI)
Drilling of the second well in the Turner Bayou Chalk project, the Deshotels 13H No.1 well in North Bayou Jack Field, has resumed and is currently at a depth of 7,640 feet (2,328 metres). The well will be drilled to a vertical depth of approximately 15,000 feet (4,570 metres) with a 4,000 foot (1,220 metre) lateral through the Austin Chalk formation. The total measured depth of the well will be 19,000 feet (5,790 metres). It is expected that it will take approximately 2 months to reach target depth (early August). Following completion the well will be connected to the Deshotels 20H No.1 production facilities.
This is the second well to be drilled in the Turner Bayou Chalk project. The first well, the Deshotels 20H No.1, encountered significant major phase oil fractures interpreted from the 3D seismic survey resulting in oil being produced to the surface and natural gas flared while drilling. Mechanical problems during the completion of the Deshotels 20H No.1 hindered the effective completion of the well and it is currently producing below expectations at 150 barrels per day of oil and approximately 130 mcf per day of natural gas. Pryme and its partners plan to rectify the Deshotels 20H No.1 following the drilling and bringing into production the current well.
The drilling procedure for the Deshotels 13H No.1 well involved a small rig to drill the surface hole and running casing to a depth of 4,500 feet (1,370 metres.) The surface hole was drilled on a fixed fee contract basis and was completed on 17 May. A larger rig has been mobilized to site to drill the remainder of the vertical section of the well and the lateral.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Pryme Energy Limited (PYM.AX, POGLY.PK) recently provided an update on its operations in Louisiana, on the Turner Bayou project in the Austin Chalk Formation:
The Turner Bayou project comprises approximately 80 square miles (50,000 acres) which have been imaged by a proprietary 3D seismic survey. Primary targets are the Austin Chalk formation at 15,300 feet and the Eagle Ford formation at 16,000 feet.
Deshotels 13H No.1 (40% Working Interest / 30% NRI)
Drilling of the second well in the Turner Bayou Chalk project, the Deshotels 13H No.1 well in North Bayou Jack Field, has resumed and is currently at a depth of 7,640 feet (2,328 metres). The well will be drilled to a vertical depth of approximately 15,000 feet (4,570 metres) with a 4,000 foot (1,220 metre) lateral through the Austin Chalk formation. The total measured depth of the well will be 19,000 feet (5,790 metres). It is expected that it will take approximately 2 months to reach target depth (early August). Following completion the well will be connected to the Deshotels 20H No.1 production facilities.
This is the second well to be drilled in the Turner Bayou Chalk project. The first well, the Deshotels 20H No.1, encountered significant major phase oil fractures interpreted from the 3D seismic survey resulting in oil being produced to the surface and natural gas flared while drilling. Mechanical problems during the completion of the Deshotels 20H No.1 hindered the effective completion of the well and it is currently producing below expectations at 150 barrels per day of oil and approximately 130 mcf per day of natural gas. Pryme and its partners plan to rectify the Deshotels 20H No.1 following the drilling and bringing into production the current well.
The drilling procedure for the Deshotels 13H No.1 well involved a small rig to drill the surface hole and running casing to a depth of 4,500 feet (1,370 metres.) The surface hole was drilled on a fixed fee contract basis and was completed on 17 May. A larger rig has been mobilized to site to drill the remainder of the vertical section of the well and the lateral.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Tuesday, December 28, 2010
Leed County and Fayette County: Eagle Ford Shale Update
By Andrea: http://oilshalegas.com
Evolution Petroleum Corp. (EPM) recently released an operational update on the Eagle Ford Shale, located in Leed and Fayette Counties. In response to a question inquiring about their involvement of the Eagle Ford to the Austin Chalk formation, CEO, Bob Herlin states:
"Eagle Ford is being tested by a variety of operators and what we preferred to be the stop list portion in the Giddings Field. Now with the – that we've heard activity up into Fayette County, where I know there’s some things going on the Leed County. There has been some test I believe further to northeast. I don't think industry is quite yet cracked the code on making Eagle Ford work that far to northeast.
Obviously, we hold a lot of acreage in the Giddings Field that is held by production or will be held by production, that's not on under current primary term or through expansions. Are there people lined up in my door warning to form out our Eagle Ford, right? No. But we – I can't say it will or it won’t down the road."
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Evolution Petroleum Corp. (EPM) recently released an operational update on the Eagle Ford Shale, located in Leed and Fayette Counties. In response to a question inquiring about their involvement of the Eagle Ford to the Austin Chalk formation, CEO, Bob Herlin states:
"Eagle Ford is being tested by a variety of operators and what we preferred to be the stop list portion in the Giddings Field. Now with the – that we've heard activity up into Fayette County, where I know there’s some things going on the Leed County. There has been some test I believe further to northeast. I don't think industry is quite yet cracked the code on making Eagle Ford work that far to northeast.
Obviously, we hold a lot of acreage in the Giddings Field that is held by production or will be held by production, that's not on under current primary term or through expansions. Are there people lined up in my door warning to form out our Eagle Ford, right? No. But we – I can't say it will or it won’t down the road."
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Friday, December 24, 2010
Colorado County, TX: Austin Chalk Update
By Andrea: http://oilshalegas.com
Burleson Energy Limited (BUR) recently announced that they will complete the D.Truchard #1 well for production following electric logging. D.Truchard #1 is an appraisal well part of the Austin Chalk formation located in the Heintschel field in Colorado County, Texas. Evaluation of the well is continuing, however, the early logs indicated that hydrocarbons are present in over 300 feet (~90 metres) of the target Prairie Bell Wilcox sands and that there are several zones of interest above and below the Prairie Bell.
Further evaluation is required to confirm the early results but based on the initial log interpretation there are no gas/water contacts evident throughout the major reservoir sand package. Also, analysis suggests that the sands encountered in D.Truchard #1 are at a higher stratigraphic level than the Heintschel #1 well and also structurally higher than the pre drill prognosis. These are all positive indications for the performance of the well.
The D.Truchard #1 well is located ~3km from the Heintschel # 1 gas condensate discovery made earlier in 2010. D.Truchard #1was drilled to a total depth of 12,000 feet (3658m) and gas shows were recorded while drilling the lower part of the hole.
Evaluation of the well continues, following which it will be cased and cemented and will then await completion, fracture stimulation (fraccing) and flow testing.
Fraccing contractors have been booked for the last week in January to complete the
fraccing of both this well and the upcoming Heintschel #2 well.
After production casing has been set, the drilling rig will move directly from the D.Truchard #1 drilling location to the Heintschel #2 drill site. The Heintschel #2 well is the second well in the program and has been designed as an immediate offset well to Heintschel #1.
Burleson Energy Managing Director, Michael Sandy said “While it is still early days the initial results for D.Truchard #1 are very encouraging”.
”The pre drill plan for the well had dual aims, firstly to appraise the overall Heintschel structure as a step towards confirming mid to high case gas and condensate volumes (see our latest presentation), and secondly to provide another source of additional production and cash flow for BUR and partners. Currently the Brasher #1 and Heintschel #1 wells are on production and the Joann #1 well is to be brought on production in the near future.
“A successful flow test following fraccing in late January will indicate that these aims have been achieved.
“The rig will now be moved to drill Heintschel #2 which also has dual aims – to be in a position to be able book proven and probable reserves for the area of the two Heintschel wells, and to provide yet another source of production and cash flow for Burleson Energy.”
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Burleson Energy Limited (BUR) recently announced that they will complete the D.Truchard #1 well for production following electric logging. D.Truchard #1 is an appraisal well part of the Austin Chalk formation located in the Heintschel field in Colorado County, Texas. Evaluation of the well is continuing, however, the early logs indicated that hydrocarbons are present in over 300 feet (~90 metres) of the target Prairie Bell Wilcox sands and that there are several zones of interest above and below the Prairie Bell.
Further evaluation is required to confirm the early results but based on the initial log interpretation there are no gas/water contacts evident throughout the major reservoir sand package. Also, analysis suggests that the sands encountered in D.Truchard #1 are at a higher stratigraphic level than the Heintschel #1 well and also structurally higher than the pre drill prognosis. These are all positive indications for the performance of the well.
The D.Truchard #1 well is located ~3km from the Heintschel # 1 gas condensate discovery made earlier in 2010. D.Truchard #1was drilled to a total depth of 12,000 feet (3658m) and gas shows were recorded while drilling the lower part of the hole.
Evaluation of the well continues, following which it will be cased and cemented and will then await completion, fracture stimulation (fraccing) and flow testing.
Fraccing contractors have been booked for the last week in January to complete the
fraccing of both this well and the upcoming Heintschel #2 well.
After production casing has been set, the drilling rig will move directly from the D.Truchard #1 drilling location to the Heintschel #2 drill site. The Heintschel #2 well is the second well in the program and has been designed as an immediate offset well to Heintschel #1.
Burleson Energy Managing Director, Michael Sandy said “While it is still early days the initial results for D.Truchard #1 are very encouraging”.
”The pre drill plan for the well had dual aims, firstly to appraise the overall Heintschel structure as a step towards confirming mid to high case gas and condensate volumes (see our latest presentation), and secondly to provide another source of additional production and cash flow for BUR and partners. Currently the Brasher #1 and Heintschel #1 wells are on production and the Joann #1 well is to be brought on production in the near future.
“A successful flow test following fraccing in late January will indicate that these aims have been achieved.
“The rig will now be moved to drill Heintschel #2 which also has dual aims – to be in a position to be able book proven and probable reserves for the area of the two Heintschel wells, and to provide yet another source of production and cash flow for Burleson Energy.”
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Avoyelles Parish, LA: Austin Chalk Formation Update
By Andrea: http://oilshalegas.com
Pryme Oil and Gas Limited released an operational update announcing the delay of acidizing of Deshotels 20-H No. 1 well located in the Austin Chalk Formation of Avoyelles Parish, LA.
As a result of a pre-Christmas increase in the demand for oil field services, the contractor which has been engaged to acidize the perforated intervals in the horizontal leg of the Deshotels 20-H No.1 has been unable to attend to the job as scheduled. It is now expected that the acidizing will be carried out after Christmas. Flow testing of the well will follow the acidizing.
As discussed in previous announcements, it is expected that the Deshotels 20-H No.1 well will primarily produce oil. However, it is also expected that commercial quantities of natural gas will be produced. Trenching and laying of the flow line from the well to the natural gas sales line, a distance of approximately 4 miles, is underway.
Pryme has a 40% working interest (30% net revenue interest (NRI)) in this well.
The Deshotels 20-H No.1 well, in Pryme's Turner Bayou Chalk project in the North Bayou Jack Field, is the first deep well to be drilled within the Turner Bayou 3D seismic survey. The well has been drilled to a depth of 16,400 feet (5,000 metres) vertically with a 3,755 feet (1,144 metre) horizontal leg through the Austin Chalk formation which is predominantly oil bearing in this region. The well location was confirmed using high resolution 3D seismic data from a survey carried out in 2007 and data from surrounding well bores.
Turner Bayou is one of Pryme's high value projects. It is located in Avoyelles Parish, Louisiana. Pryme has a 40% interest in the Turner Bayou Chalk project area, which is contained within the Turner Bayou 3D seismic survey, and a 52% interest in the balance of Turner Bayou. The Turner Bayou project comprises approximately 80 square miles (50,000 acres) which have been imaged by a proprietary 3D seismic survey. Primary targets are contained within six prospective formations ranging in depth from the Frio formation at 3,000 feet, to the Tuscaloosa formation at 18,000 feet.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Pryme Oil and Gas Limited released an operational update announcing the delay of acidizing of Deshotels 20-H No. 1 well located in the Austin Chalk Formation of Avoyelles Parish, LA.
As a result of a pre-Christmas increase in the demand for oil field services, the contractor which has been engaged to acidize the perforated intervals in the horizontal leg of the Deshotels 20-H No.1 has been unable to attend to the job as scheduled. It is now expected that the acidizing will be carried out after Christmas. Flow testing of the well will follow the acidizing.
As discussed in previous announcements, it is expected that the Deshotels 20-H No.1 well will primarily produce oil. However, it is also expected that commercial quantities of natural gas will be produced. Trenching and laying of the flow line from the well to the natural gas sales line, a distance of approximately 4 miles, is underway.
Pryme has a 40% working interest (30% net revenue interest (NRI)) in this well.
The Deshotels 20-H No.1 well, in Pryme's Turner Bayou Chalk project in the North Bayou Jack Field, is the first deep well to be drilled within the Turner Bayou 3D seismic survey. The well has been drilled to a depth of 16,400 feet (5,000 metres) vertically with a 3,755 feet (1,144 metre) horizontal leg through the Austin Chalk formation which is predominantly oil bearing in this region. The well location was confirmed using high resolution 3D seismic data from a survey carried out in 2007 and data from surrounding well bores.
Turner Bayou is one of Pryme's high value projects. It is located in Avoyelles Parish, Louisiana. Pryme has a 40% interest in the Turner Bayou Chalk project area, which is contained within the Turner Bayou 3D seismic survey, and a 52% interest in the balance of Turner Bayou. The Turner Bayou project comprises approximately 80 square miles (50,000 acres) which have been imaged by a proprietary 3D seismic survey. Primary targets are contained within six prospective formations ranging in depth from the Frio formation at 3,000 feet, to the Tuscaloosa formation at 18,000 feet.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Saturday, October 23, 2010
Zavala County, Texas: Austin Chalk Update
By Andrea: http://oilshalegas.com
Eagleford Energy Inc. (EFRDE.OB) has been notified by Dawsey Operating, LLC, a Texas based engineering and consulting firm, that the rig allocated to drill an initial test well of the Eagle Ford shale formation will mobilize onto location at the Company's Matthews lease in Zavala County, Texas starting tomorrow. The Company intends to drill vertically through the Eagle Ford and log key formations including the San Miguel sands, the Austin Chalk and the Eagle Ford shale. After logging, the well will be drilled approximately 4,000 feet horizontally through the Eagle Ford shale formation.
The Matthews Lease comprises 2,629 acres of land (or 4 square miles) and is situated adjacent to the Redhawk land block under development by Petrohawk Energy Corporation (HK). Eric Johnson, VP Operations at Dyami Energy LLC, a Texas based subsidiary of Eagleford Energy, stated, "Our primary target is the Eagle Ford shale. Petrohawk has reported 355 barrels a day of oil production from its horizontal well on the property next door. Given the blanket nature of the Eagle Ford formation in this area we are excited by our prospects. We also plan to run tests on the San Miguel formation to gather important petro-physical data on the significant amount of heavy oil in place."
Eagleford Energy's consolidated working interest in the well before payout is 85% (69% working interest after payout).
Zavala County, Texas is part of the Maverick Basin of Southwest Texas and downdip from the United States Geological Studies north boundary of the Smackover-Austin-Eagle Ford total petroleum system. This area is often referred to as the oil window of the present Eagle Ford shale play.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Eagleford Energy Inc. (EFRDE.OB) has been notified by Dawsey Operating, LLC, a Texas based engineering and consulting firm, that the rig allocated to drill an initial test well of the Eagle Ford shale formation will mobilize onto location at the Company's Matthews lease in Zavala County, Texas starting tomorrow. The Company intends to drill vertically through the Eagle Ford and log key formations including the San Miguel sands, the Austin Chalk and the Eagle Ford shale. After logging, the well will be drilled approximately 4,000 feet horizontally through the Eagle Ford shale formation.
The Matthews Lease comprises 2,629 acres of land (or 4 square miles) and is situated adjacent to the Redhawk land block under development by Petrohawk Energy Corporation (HK). Eric Johnson, VP Operations at Dyami Energy LLC, a Texas based subsidiary of Eagleford Energy, stated, "Our primary target is the Eagle Ford shale. Petrohawk has reported 355 barrels a day of oil production from its horizontal well on the property next door. Given the blanket nature of the Eagle Ford formation in this area we are excited by our prospects. We also plan to run tests on the San Miguel formation to gather important petro-physical data on the significant amount of heavy oil in place."
Eagleford Energy's consolidated working interest in the well before payout is 85% (69% working interest after payout).
Zavala County, Texas is part of the Maverick Basin of Southwest Texas and downdip from the United States Geological Studies north boundary of the Smackover-Austin-Eagle Ford total petroleum system. This area is often referred to as the oil window of the present Eagle Ford shale play.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Wednesday, October 20, 2010
Zavala County, Texas: Eagle Ford Shale Update
By Andrea: http://oilshalegas.com
Eagleford Energy Inc. (EFRDE.OB) has been notified by Dawsey Operating, LLC, a Texas based engineering and consulting firm, that the rig allocated to drill an initial test well of the Eagle Ford shale formation will mobilize onto location at the Company's Matthews lease in Zavala County, Texas starting tomorrow. The Company intends to drill vertically through the Eagle Ford and log key formations including the San Miguel sands, the Austin Chalk and the Eagle Ford shale. After logging, the well will be drilled approximately 4,000 feet horizontally through the Eagle Ford shale formation.
The Matthews Lease comprises 2,629 acres of land (or 4 square miles) and is situated adjacent to the Redhawk land block under development by Petrohawk Energy Corporation (HK). Eric Johnson, VP Operations at Dyami Energy LLC, a Texas based subsidiary of Eagleford Energy, stated, "Our primary target is the Eagle Ford shale. Petrohawk has reported 355 barrels a day of oil production from its horizontal well on the property next door. Given the blanket nature of the Eagle Ford formation in this area we are excited by our prospects. We also plan to run tests on the San Miguel formation to gather important petro-physical data on the significant amount of heavy oil in place."
Eagleford Energy's consolidated working interest in the well before payout is 85% (69% working interest after payout).
Zavala County, Texas is part of the Maverick Basin of Southwest Texas and downdip from the United States Geological Studies north boundary of the Smackover-Austin-Eagle Ford total petroleum system. This area is often referred to as the oil window of the present Eagle Ford shale play.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Eagleford Energy Inc. (EFRDE.OB) has been notified by Dawsey Operating, LLC, a Texas based engineering and consulting firm, that the rig allocated to drill an initial test well of the Eagle Ford shale formation will mobilize onto location at the Company's Matthews lease in Zavala County, Texas starting tomorrow. The Company intends to drill vertically through the Eagle Ford and log key formations including the San Miguel sands, the Austin Chalk and the Eagle Ford shale. After logging, the well will be drilled approximately 4,000 feet horizontally through the Eagle Ford shale formation.
The Matthews Lease comprises 2,629 acres of land (or 4 square miles) and is situated adjacent to the Redhawk land block under development by Petrohawk Energy Corporation (HK). Eric Johnson, VP Operations at Dyami Energy LLC, a Texas based subsidiary of Eagleford Energy, stated, "Our primary target is the Eagle Ford shale. Petrohawk has reported 355 barrels a day of oil production from its horizontal well on the property next door. Given the blanket nature of the Eagle Ford formation in this area we are excited by our prospects. We also plan to run tests on the San Miguel formation to gather important petro-physical data on the significant amount of heavy oil in place."
Eagleford Energy's consolidated working interest in the well before payout is 85% (69% working interest after payout).
Zavala County, Texas is part of the Maverick Basin of Southwest Texas and downdip from the United States Geological Studies north boundary of the Smackover-Austin-Eagle Ford total petroleum system. This area is often referred to as the oil window of the present Eagle Ford shale play.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Friday, September 10, 2010
Buccaneer Energy Limited: Austin Chalk and Eagle Ford Shale Update
By Andrea: http://oilshalegas.com
Buccaneer Energy Limited (BCGYF.PK) to announced today that the Alexander # 1 is currently at 5,727 feet.
At approximately 12.15pm on Thursday 9 September 2010 the well started to flow oil and gas. The Company’s assessment is that the current production is from the mid to lower Austin Chalk. The gas is being flared and the oil is being produced into tanks on site.
The intention is to flow the well for a number of days until it stabilises, then consideration is being given to drilling ahead whilst producing the well. The well will now be drilled to a Total Depth of 6,250’ which will ensure that the Eagle
Ford Shale section is fully drilled.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Buccaneer Energy Limited (BCGYF.PK) to announced today that the Alexander # 1 is currently at 5,727 feet.
At approximately 12.15pm on Thursday 9 September 2010 the well started to flow oil and gas. The Company’s assessment is that the current production is from the mid to lower Austin Chalk. The gas is being flared and the oil is being produced into tanks on site.
The intention is to flow the well for a number of days until it stabilises, then consideration is being given to drilling ahead whilst producing the well. The well will now be drilled to a Total Depth of 6,250’ which will ensure that the Eagle
Ford Shale section is fully drilled.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Wednesday, September 1, 2010
Lee County, Texas - Austin Chalk Formation Update
By Andrea: http://oilshalegas.com
Buccaneer Energy Limited (BCGYF.PK) recently announced the progress of 2 wells in Lee County, Texas in both the Austin Chalk and Eagle Ford shale.
The Alexander # 1 well site location has been built over the last week and the Nicklos # 1 Rig is moving in and rigging up to drill.
The Alexander # 1 well is the third well in the Lee County drilling program and is expected to spud within the next 24 hours.The vertical component of the well is anticipated to have a total depth of 5,800' and will penetrate the Austin Chalk and Eagle Ford shale. Logs will then be run before a 1,500' - 2,500' horizontal component is drilled in the Austin Chalk formation.
The vertical component is expected to take 7-10 days to drill and the horizontal component an additional 15-18 days.
Drilling updates will be made each Wednesday.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Buccaneer Energy Limited (BCGYF.PK) recently announced the progress of 2 wells in Lee County, Texas in both the Austin Chalk and Eagle Ford shale.
The Alexander # 1 well site location has been built over the last week and the Nicklos # 1 Rig is moving in and rigging up to drill.
The Alexander # 1 well is the third well in the Lee County drilling program and is expected to spud within the next 24 hours.The vertical component of the well is anticipated to have a total depth of 5,800' and will penetrate the Austin Chalk and Eagle Ford shale. Logs will then be run before a 1,500' - 2,500' horizontal component is drilled in the Austin Chalk formation.
The vertical component is expected to take 7-10 days to drill and the horizontal component an additional 15-18 days.
Drilling updates will be made each Wednesday.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Sunday, August 29, 2010
Lee County, Texas: Eagle Ford Shale Update
By Andrea: http://oilshalegas.com
Buccaneer Energy Limited (BCGYF.PK) recently announced the progress of 2 wells in Lee County, Texas in both the Austin Chalk and Eagle Ford shale.
The Alexander # 1 well site location has been built over the last week and the Nicklos # 1 Rig is moving in and rigging up to drill.
The Alexander # 1 well is the third well in the Lee County drilling program and is expected to spud within the next 24 hours.The vertical component of the well is anticipated to have a total depth of 5,800' and will penetrate the Austin Chalk and Eagle Ford shale. Logs will then be run before a 1,500' - 2,500' horizontal component is drilled in the Austin Chalk formation.
The vertical component is expected to take 7-10 days to drill and the horizontal component an additional 15-18 days.
Drilling updates will be made each Wednesday.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Buccaneer Energy Limited (BCGYF.PK) recently announced the progress of 2 wells in Lee County, Texas in both the Austin Chalk and Eagle Ford shale.
The Alexander # 1 well site location has been built over the last week and the Nicklos # 1 Rig is moving in and rigging up to drill.
The Alexander # 1 well is the third well in the Lee County drilling program and is expected to spud within the next 24 hours.The vertical component of the well is anticipated to have a total depth of 5,800' and will penetrate the Austin Chalk and Eagle Ford shale. Logs will then be run before a 1,500' - 2,500' horizontal component is drilled in the Austin Chalk formation.
The vertical component is expected to take 7-10 days to drill and the horizontal component an additional 15-18 days.
Drilling updates will be made each Wednesday.
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
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