Scandinavian Oil-Gas Magazinehttp://www.scandoil.com/moxie-bm2/news/empyrean-energy-recommences-activity-in-block-a-wi.shtmlEmpyrean Energy recommences activity in Block A with Conoco, TexasEmpyrean Energy PLC is pleased to announce its participation in two new wells in the Eagle Ford Shale, Texas.
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Edit page New page Hide edit links Empyrean Energy PLC is pleased to announce its participation in two new wells in the Eagle Ford Shale, Texas. This participation is a part of its interest in 'Sugarloaf Block A' operated by Burlington Resources Oil & Gas Company LP ('Burlington') a subsidiary of ConocoPhillips Company ('Conoco'). This recommences the activity in Block A, which is nearby to the Company's flagship Sugarloaf AMI. The Baker Trust-4 well ('Baker Trust'), in which Empyrean has an approximate 2.45% working interest, reached an approximate measured depth of 17,948 feet on 28 August 2013 with a lateral length of approximately 5,000 feet. This well is currently awaiting completion. The estimated net drilling cost to Empyrean is US$225,000. Should the well be successful there will be completion and connection costs to follow. The Marlene Olson-3 well ('Marlene Olson'), in which Empyrean has an approximate 0.85% working interest, will be drilled to an approximate measured depth of 20,700 feet at an estimated net drilling cost of US$100,000 (excluding completion and connection costs) to Empyrean, with a lateral length of approximately 7,700 feet. The Company has been informed by the operator that the Marlene Olson will commence drilling in the second half of September 2013. |