Deep well permit location well #6, HUGE NEWS
posted on
Sep 19, 2005 04:31PM
Oil & Gas Company
Here we go ladies and gentlemen. Deep well location!
read article, then the permit unamended, but location correct.
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A deep well drilling program is planned for the fall of 2005 at location # 6. This well will be drilled to a depth of more than 10,000 feet.
A deep test will involve setting intermediate casing just above 8,000 ft before the formation pressures start to rise. From that point, a well can safely be drilled and completed to 10,000 feet. This would still provide the option to re-complete at a later time to a number of shallower pays that are anticipated to be present. The initial engineering is to assume a test located between 8,000 and 8,500 ft.
Most of the reserves are calculated above 6,700 feet. Additional reserves are anticipated between 6,700 feet and 8,500 feet. A reserve estimate report completed by Ralph E. Davis and Associates, Houston Texas has valued the ``behind pipe`` reserves for 100% of the Mission River property at US$190,000,000.*
The chief geologist for the operator, Mr. Wes Franklin, has indicated, based on previously drilled deep producers on the property, that a successful deep test could produce 5 million cubic feet of natural gas a day, generating revenues to the Company that could more than double present production revenue. The success of the first deep test could lead to follow-up drill program of additional deep tests on the property
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THE AMENDED PERMIT SHOULD BE FORTHCOMING~
Scanio/Shelton Well No. 6
Location 1.8 miles south of Refugio, Texas
District: 2 County: REFUGIO Date: 7/12/2004 Report: 1
Type: DRILL 42-391-32607
Operator: HIGH PLAINS GAS SYSTEMS
Address: P. O. BOX 56769
City, State: Houston, TX Zip Code:
Lease: SCANIO/SHELTON Well: 6
Size: 620 acre unit Depth: 6800`
Location: Refugio Town Tract Survey, A-345
Test Data: 798` from SE line and 958` from NW line of lease.
Well Calls: 5698` from S line and 12,882` from E line of survey.
Well Type: Oil & Gas Well
Direction: 1.8 miles S of Refugio Field/Zone: Wildcat
Latitude: 28.27027778 Longitude: -97.27583333
Signature: J. B. Beckley, Agent