First Titan Corp. reported that one of its working interests in Louisiana is rapidly approaching its spud date.

The company's lease near South Lake Charles, La., is one of two working interests that FTTN owns in the state, one of the nation's top energy producers. Two wells have produced 21.3 billion cubic feet of gas and 1.7 million barrels of oil in the South Lake Charles field. There is a proved trapping fault block on the west flank of the field, up-dip to production.

Pad site preparation is underway now at the drilling site. When that's complete, FTTN expects drilling to begin in the next 30 days.

Tags: First Titan Corp.