Précédente
September 2020, THIRD QUARTER 2020 – EXPLORATION AND PRODUCTION NEWS

MOUNTAIN VIEW PROSPECT, KERN COUNTY, CALIFORNIA

In June 2019, production tests were conducted in the Cattani formation levels of the Stenderup #56X-28 well. The upper and lower Cattani were commingled and the well was put back in production. The well produced 170,500 barrels of oil in one year.
At the end of September 2019, a jet pump was installed in the Stenderup #56X-28 well allowing to increase its production.
In October November 2019, a development well, the Stenderup #66X-28, was drilled to a total measured depth of 10,600’. In December 2019, the well was completed in the Cattani formation and put in production once an artificial lift system was installed.
In 2019-2020, it was decided to reprocess and reinterpret the 3D seismic. The results evidenced several well-defined development locations of the Stenderup #56X-28 well. The next drilling program consisting of two wells, in the second half of 2021, will hopefully verify the seismic reprocessing, and a long term development program will be planned accordingly.

BALL RANCH PROSPECT, KENEDY COUNTY, TEXAS

In June 2019, workover operations were performed on the Ball Ranch #7 well. Plugged tubing was replaced and the well was put back on production.
On June 24, 2019 the Ball #3 facility and tank battery were struck by lightning and caught fire. It was estimated that 300 barrels of oil had burned and approximately 1,430 barrels of water were released. The operator had to excavate and haul off to a disposal facility the contaminated soil and to remove and replace all damaged equipment.

BOOKER 3D PROSPECT, LIPSCOMB/OCHILTREE COUNTIES, TEXAS

In December 2018 Presidio Petroleum LLC performed workover operations on the Dooney #1HM, Buddy 998 #3HM and Lesa Lynette 1027 #1HM wells.
In April 2019 the rod parts of the Chubbs 996 #4HM pump well were replaced.

BRAZOS RIVER PROSPECT, BURLESON COUNTY, TEXAS

In 2017, Wildhorse Resources Management Company, LLC drilled a total of ten horizontal wells in the Eagle Ford formation, the Crook #1H, Kazmir #1H, Kazmir #2H, Hanover #1H, Cooper D #1H, Groce B #1H, McKinley #1H, Ratcliffe #1H, Schubert #1H and McLintock #1H wells. Unfortunately, the McKinley #1H well had to be abandoned after the well hole was lost due to mechanical failure. The respective lateral length of the other wells is approximately 7,800’MD, 5,200’MD, 5,000’MD, 5,000’MD, 8,150’MD, 6,500’MD, 6,500’MD and 6,300’MD. The first six wells were completed, hydraulically fractured and put in production while the Ratcliffe #1H, Schubert #1H and McLintock #1H wells were completed and started to produce in the beginning of 2018.
In the first quarter 2018, the operator drilled the McKinley #2H and #3H wells which were put in production in May 2018.
In the beginning of 2019, Chesapeake Energy, who has an extensive experience in horizontal drilling, acquired Wildhorse Resources Management Corporation.
In the second quarter of 2019, Hawkwood Energy, LLC, the other operator of the prospect where ARI has interests, drilled the Alpaca #4H, JR Lyons #1H, #2H and #3H wells with laterals in the Eagle Ford formation of approximately 8,000’MD length. In August 2019, these wells were completed, fractured and put in production.
In July 2019, Chesapeake drilled each one of the Estes B #1H, #2H & #3H wells in less than three weeks. These four wells were hydraulically fractured in a month with first production in September 2019.
In October 2019, the Tatum HXC1 A #1H and Tatum HXC2 A #2H wells reached respectively a total measured depth of 19,042’ and 17,748’. At the end of November 2019, these wells were put in production after being fractured.
In December 2019/January 2020, Hawkwood drilled the Estes A #1H and #2H wells with lateral length of approximately 7,400’. These wells were fractured and first production occurred in the beginning of February.

CALVERT PROSPECT, ROBERTSON COUNTY, TEXAS

In February 2019, the plunger of the Burnitt #1 well pump was replaced.
In June July 2019, the Buda reservoir of the Burnitt #1 well was perforated and put in production.
The production of the Anderson #2 well ceased on the 25th of December 2019. No return was observed in the well. At the beginning of February 2020 xylene was injected in the well and the pump reactivated. In March 2020, the well was put back into production. The xylene injection improved the production of 3 to 5 barrels of oil per day.

SUGG RANCH PROSPECT, IRION COUNTY, TEXAS

In October 2018, Arbol Resources, Inc noted some activity 2 or 4 miles south of the project where Triple Crown Resources, LLC drilled horizontal Wolfcamp wells with good production results.
In February 2019, the Ball #1 well was acidized in order to remove the scale of its tubing.
In 2019-2020, Ares Energy, Ltd and its partners met with Triple Crown Resources, LLC at NAPE and in Midland and Houston to discuss a possible partnership in the development of the property. Negotiations are ongoing.

TUMBLEWEED & CEDAR CAMP PROSPECT, UINTAH COUNTY, UTAH

In the second quarter of 2018, the operator started to reprocess the 2005 3D seismic in order to improve the interpretation of the Entrada and the secondary objective structures.
In October/November 2018, the Tumbleweed #18-8 well was recompleted in the Cedar Mountain, Dakota and Dakota Silt formations. The increased production was approximately 330 thousand cubic feet of gas per day.
In December 2019, the interpretation of the reprocessed seismic identified four new drilling locations at the Entrada formation. Some of these locations have also secondary objectives such as the Dakota, Dakota Silt, Cedar Mountain, Morrison and Wingate formations.
In the beginning oy May 2020 the operator decided to shut-in the wells due to the market conditions in the Uinta basin.

MARACAS FIELD, CESAR BASIN, COLOMBIA

At the end of December 2018, the Compae #2 well produced a total of 344 million cubic feet of gas and 32.45 barrels of water.
In the first quarter 2019, the Compae #2 well production also started to decrease and the water production increased.
In September 2019, pressure build-up tests were achieved in both wells. The results evidenced the presence of a water column in each well and the same shut-in pressure confirmed it was due to an active water drive.
In the beginning of October 2019, unfortunately, the production of the field ceased.
In November 2019, Texican took the opportunity to buy three seismic lines that were partially shot on the Maracas permit.
In 2020, Geodataexplo processed and interpreted one of these lines which is located 200m away from the Compae#2 well. The results confirmed the existence of remaining reserves in the north part of the Compae #2 well compartment.
Drilling a sidetrack well from the Compae #2 well is the best option to produce the remaining gas.
Texican is looking for partners interested in the project and also in the exploration and development of the deeper Lagunitas oil.