Falcon Oil & Gasoline Ltd. has hit above industrial IP60 move price of three.0 million cubic ft per day (MMcfpd) on the Shenandoah South 1H (SS-1H) properly in EP117.
The corporate stated in a media launch that the properly achieved a median 60-day preliminary manufacturing (IP60) move price of three.0 MMcfpd over the 1,644-foot (501 meters), 10-stage stimulated size throughout the Amungee Member B-Shale, normalized to six.0 MMcfpd over 3,281 ft (1,000 meters).
The corporate added that the exit price trajectory after the 60 days of move testing confirmed a gentle low declining curve at 2.76 MMcfpd over the stimulated size and steady reservoir again strain of 530 psi.
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The move check outcomes have given the corporate encouragement that future growth wells with lateral lengths of 10,000 ft could also be able to delivering common charges of 18.4 MMcfpd over the primary 60 days of manufacturing.
“Outcomes up to now affirm that this area measuring greater than 1 million gross acres beneath 8,850 ft (2,700 meters) is without doubt one of the finest places within the Beetaloo Basin to start pilot growth actions”, stated the corporate.
Falcon goals to increase the move testing to 90 days to get a greater studying of the properly’s estimated final restoration. Outcomes of the IP90 move charges are anticipated in April 2024.
Falcon Oil added that along with its associate within the Beetaloo JV, Tamboran B2 Pty. Ltd., it’s going to proceed to progress growth plans for the proposed 40 MMcfpd pilot undertaking at Shenandoah South.
The undertaking is predicted to require six 10,000-foot growth wells initially to realize a plateau manufacturing of 40 MMcfpd. Drilling of the primary of those wells is deliberate to start within the second quarter of 2024 and the JV is concentrating on first fuel within the first half of 2026, based on Falcon Oil.
The corporate is able to begin drilling the 2 preliminary wells in this system and is learn how to finest safe the remaining capital commitments to succeed in first manufacturing, it stated.
“The SS-1H IP60 move price introduced right this moment of three.0 MMcf/d, normalized to six.0 MMcf/d over 1,000 meters, demonstrates a gentle low declining curve whereas holding its downhole strain. This augurs properly for the preliminary growth within the Shenandoah South space as these charges proceed to trace common move charges seen within the Marcellus Shale basin within the US”, stated Philip O’Quigley, CEO of Falcon Oil & Gasoline.
To contact the writer, electronic mail andreson.n.paul@gmail.com
