Falcon Oil & Gasoline Ltd. has hit above business IP60 circulate charge of three.0 million cubic ft per day (MMcfpd) on the Shenandoah South 1H (SS-1H) nicely in EP117.
The corporate stated in a media launch that the nicely achieved a median 60-day preliminary manufacturing (IP60) circulate charge of three.0 MMcfpd over the 1,644-foot (501 meters), 10-stage stimulated size inside the Amungee Member B-Shale, normalized to six.0 MMcfpd over 3,281 ft (1,000 meters).
The corporate added that the exit charge trajectory after the 60 days of circulate testing confirmed a gradual low declining curve at 2.76 MMcfpd over the stimulated size and secure reservoir again stress of 530 psi.
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The circulate check outcomes have given the corporate encouragement that future improvement 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 to this point affirm that this area measuring greater than 1 million gross acres under 8,850 ft (2,700 meters) is among the greatest places within the Beetaloo Basin to begin pilot improvement actions”, stated the corporate.
Falcon goals to increase the circulate testing to 90 days to get a greater studying of the nicely’s estimated final restoration. Outcomes of the IP90 circulate charges are anticipated in April 2024.
Falcon Oil added that along with its accomplice within the Beetaloo JV, Tamboran B2 Pty. Ltd., it would proceed to progress improvement plans for the proposed 40 MMcfpd pilot mission at Shenandoah South.
The mission is anticipated to require six 10,000-foot improvement wells initially to attain a plateau manufacturing of 40 MMcfpd. Drilling of the primary of those wells is deliberate to begin within the second quarter of 2024 and the JV is concentrating on first fuel within the first half of 2026, in keeping with Falcon Oil.
The corporate is able to begin drilling the 2 preliminary wells in this system and is easy methods to greatest safe the remaining capital commitments to achieve first manufacturing, it stated.
“The SS-1H IP60 circulate charge introduced in the present day of three.0 MMcf/d, normalized to six.0 MMcf/d over 1,000 meters, demonstrates a gradual low declining curve whereas holding its downhole stress. This augurs nicely for the preliminary improvement within the Shenandoah South space as these charges proceed to trace common circulate charges seen within the Marcellus Shale basin within the US”, stated Philip O’Quigley, CEO of Falcon Oil & Gasoline.
To contact the writer, e-mail andreson.n.paul@gmail.com
