Burleson Energy (BUR) provides the following update on the status of the Truchard #2 horizontal well (T2H) as at 17 December 2012.

Over the past month, work to identify the source of high water production from the T2H well, and remediate the problem, has continued. The operator AKG has begun a range of tests and activities that will continue into the first quarter of 2013. The process involves lengthy production periods during which the wet gas, condensate, water production, water salinity and pressure gradients are monitored over time.

The T2H well is currently producing from frac sleeves 1 to 5, with frac sleeve 6 being closed. All production from this test is sold. Solid progress is being made, with condensate and gas production gradually increasing and water production gradually declining. Currently, the well is producing at rates of approximately 1,500 mcf of wet gas per day and 60 barrels of condensate per day and disposing of some 1,400 barrels of water per day.

Tags: Burleson Energy