We are learning, perfecting our well plan and working with the brightest minds across the Berea play,” added Stengell. “Encore is extremely confident regarding the drilling results at JDH #5 and super excited about the future Frac, well completion and production operations for this well,” said Steve Stengell, Encore's President and CEO. Berea oil production from Lawrence County, Kentucky reportedly represents nearly ~20 - 25% of the states total annual oil production. Tier I horizontal Berea oil wells in this area have reportedly averaged in the range of ~100 - 150 BOPD over the initial 90 days of production with up to an estimated EUR ~100000 - 150000 BOE high-side reserve target estimate per well. This system should provide the Company with improved control oil production rates/volumes in the future. The Company is entering into an agreement to develop a gas pipeline for the JDH #4A and JDH #5 that should deliver the gas byproduct ~2.1 miles west to an existing gas market and processing facility. Encore's JDH #4A has been severely delayed and is currently awaiting connection to a gas pipeline in order to produce gas and/or oil. All indications are that the JDH #5 is a Tier I oil producer while the JDH #4A is a gas producer. Encore’s JDH #5 reported strong oil fluorescence, oil cuts, oil shows in mud pit, strong gas kick(s), circulated oil while cementing casing, and the confidential mud log further reconfirms the Company's belief for the well's future production potential.
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