Gulf Oil and Gas accountACCOUNT

Empyrean Provides Operational Updates on Sugarloaf Project

Source: www.gulfoilandgas.com 4/19/2013, Location: North America

Empyrean Energy Plc (Ticker: EME), the AIM-listed condensate and gas exploration and production company focused on the Eagle Ford Shale, Texas, USA, is pleased to provide the following update on production and operations at its Sugarloaf Project:

Operations
As at the end of March 2013 Empyrean had 79 gross wells that were producing at the Sugarloaf Project on acreage operated by Marathon Oil Company, a subsidiary of Marathon Oil Corporation (NYSE: MRO), an increase of 10 wells since the end of January 2013. In addition, there were two wells drilling ahead and one further well awaiting or in the process of having completion/stimulation operations carried out.

The Austin Chalk pilot program, aimed at establishing viable production from the Austin Chalk in addition to the Eagle Ford Shale, has commenced with the first well having reached total depth and drilling having commenced on the second well. There are three wells being drilled from the same drill pad in the pilot program. First production is anticipated mid-year. The Austin Chalk pilot program has the potential to increase recoverable reserves and ultimate value for the Sugarloaf Project if it is successful.

The well down spacing initiatives are ongoing. Early indications show the wells drilled on tighter spacing are behaving as forecast.. Early planning and reserves calculations on the Sugarloaf Project were based on 80 acre spacing. Down spacing has the potential to improve recoveries, reserves and ultimate value. At the Sugarloaf Project, further production history will be required before the optimum spacing regime for the next phase of development is finalised. The Austin Chalk pilot program will also be considered during this process.

Commenting today, Empyrean CEO, Tom Kelly said "We are pleased that the number of wells in production, net production and revenue have continued to trend upwards. The Austin Chalk pilot program is underway and there are some positive signs starting to come from the down spacing initiatives - we anticipated a stronger second half to the end of March 2013 and the production data has confirmed this to be the case." The information contained in this announcement was completed and reviewed by the Technical Director of Empyrean Energy Plc, Mr Frank Brophy BSc (Hons) who has over 40 years experience as a petroleum geologist.

For more information about related Opportunities and Key Players visit Shale Gas Projects

Shale Gas News in United States >>

United Kingdom >>  2/15/2019 - IGas reports that preliminary tests on shale samples from within the Millstone Grit Group at Tinker Lane are encouraging for the potential gas resourc...
United Kingdom >>  2/6/2019 - Cuadrilla announced results from its flow-testing of the UK’s first ever horizontal shale gas exploration well, drilled through the shale rock more th...

United Kingdom >>  1/22/2019 -  IGas is pleased to announce the spud of the Springs Road-1 exploration well at Misson Springs, in North Nottinghamshire. This exploratory well is a v...
United States >>  9/10/2013 - EXCO Resources, Inc. announced BG Group plc (“BG Group”) has elected not to acquire 50% of the recently acquired producing and undeveloped oil and ga...

Related Categories: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

Related Articles: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 


United States Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.