September 2018, THIRD QUARTER 2018 – EXPLORATION AND PRODUCTION NEWS
BALL RANCH PROSPECT, KENEDY COUNTY, TEXAS
In November 2017, the King Ranch State #136-1 tubing and casing were cleaned down through 10,900 feet. Unfortunately the coiled tubing couldn’t get deeper due to a pipe-on-pipe friction. The well was cleaned with nitrogen then returned to production. In February 2018, the operator considered conducting new workover operations on the well.
BOOKER 3D PROSPECT, LIPSCOMB/OCHILTREE COUNTIES, TEXAS
On the 29th of March 2018, Midstates Petroleum Company LLC signed a purchase and sale agreement with Presidio Investment Holdings LLC. Therefore Presidio Petroleum LLC took over the operating of this prospect.
CALVERT PROSPECT, ROBERTSON COUNTY, TEXAS
The core results of the Calvert Farms #1 well showed a good production potential in the Wolf City sands where oil was encountered. In November 2017, the well was fractured and completed in the Wolf City sands. In December 2017, a pump was installed and rapidly iron sulfide deposition appeared preventing the pump to work properly. The well was then treated and a regular production of oil and gas was established.
In May 2018, the tubing of the Burnitt #1 well was replaced by a new one and a cement plug was installed in front of the Buda formation. The Georgetown formation was then put in production. In June 2018, the Georgetown formation was fractured. The Buda’s fracturation will be done at a later date. After the well was treated with a paraffin inhibitor, it produces mainly gas with a little oil. At the end of July 2018, a tubing and a pump were installed. One month later, it was decided to convert the pump to a plunger lift system. After that the well was put back into production.
Arbol Resources, Inc. and its partners are seeking a 75% WI partner to develop its “Calvert Prospect”. Arbol has leased over 2,083 acres that can be developed with a combination of vertical and horizontal drilling for the Cotton Valley Taylor, Bossier, and Cotton Valley Lime formations. Anyone interested might contact Mr. Allen Lazenby by e-mail at firstname.lastname@example.org or on his cell phone at 713-725-3486.
MOODY RANCH PROSPECT, CHAMBERS COUNTY, TEXAS
In September 2018, it was decided to plug and abandon the Moody Foundation #1 well that became uncommercial.
SUGARLOAF 3D PROSPECT, FOARD COUNTY, TEXAS
In January February 2015, Dawson Geophysical acquired the 3D seismic further treated by Geotrace and interpreted by Star Creek Energy. In June 2015, two drilling locations were chosen. In October 2015, the Hemingway #1 well was drilled and a drill stem test was conducted showing no significant show in the Rasberry formation and an oil show in the Atokan conglomerates. Unfortunately each level tested required an individual fracture treatment which made the well uneconomic due to the completion cost.
In November 2015, the Drabek #1 well was drilled. Arbol Resources, Inc. decided to not participate in the completion of this well.
SUGG RANCH PROSPECT, IRION COUNTY, TEXAS
In 2017, Ares Energy, LTD had done some general field improvements such as repairing parted rods (Ball #1) and opening shut-in wells that simply had scale issues in order to enhance the production.
In July 2017, an operational committee took place and it was decided to recomplete three existing wells by perforating and acidizing the Wolfcamp formation. The three candidates were the Sheen 3061 #1, Sheen 3061 #5 and Sugg 6 #4 wells. In August 2017, the recompletions were conducted and unfortunately the results were deceiving despite some oil and gas produced. The Sugg 3 #2 well recompletion was then delayed.
In order to better assess the Wolfcamp recompletion potential of the area it was decided to conduct a log analysis by Nutech. In February 2018, Nutech informed the operator that no wells were candidates for a recompletion at the Wolfcamp A formation.
In March 2018, Ares Energy, LTD proposed the recompletion of the Sugg 20 #1 well at the Wolfcamp formation which was achieved in April 2018. The results were also very disappointing.
The strategy is now to wait for better oil prices to either fracture a vertical existing well at the Wolfcamp formation or drill and fracture a horizontal well.
TUMBLEWEED & CEDAR CAMP PROSPECT, UINTAH COUNTY, UTAH
In June/July 2017 the Tumbleweed #18-8 well was drilled and encountered strong gas shows in the Entrada formation. In September 2017 the well was completed and the Entrada formation was fractured. The first month, the well was producing approximately 2.4 to 2.2 million cubic feet of gas per day. In one year the well produced 180 million cubic feet of gas and a few barrels of oil. In September 2018, Stewart Petroleum Corporation proposed the recompletion of this well by fracturing the Cedar Mountain, Dakota & Dakota Silt formations.
In August 2017, the operator drilled the Tumbleweed #17-12 well which encountered numerous gas shows in the Entrada formation. In September October 2017, the well was completed and the Entrada, Cedar Mountain, Dakota & Dakota Silt formations were fractured. The well produced 122 million cubic feet of gas in one year essentially from the Entrada and Dakota formations.
MARACAS FIELD, CESAR BASIN, COLOMBIA
At the end of March 2018, the installation of the gas pipeline to tie-in the Compae #2 well to the plant started. The well was tied-in on the 19th April, 2018.
The total cumulative production from the two producing wells exceeded 2 billion cubic feet of gas on the 30th of September, 2018.
Texican is looking for partners interested in the exploration and development of the Lagunitas oil. The project of a seismic acquisition and an horizontal well are still relevant.