Scandoil  

Incremental Oil and Gas provides Silvertip operations update


Published Sep 2, 2015
Incremental Oil and Gas Ltd-2

Incremental Oil and Gas is pleased to provide an update in relation to the operations and production of the newly acquired Silvertip Oil and Gas Field, located in the Big Horn Basin, Wyoming USA. Phase 1 Workover Program - return shut-in wells to production

As of 31 August, 12 wells have undergone workovers and returned to production. These have been completed at an average cost of $15,000 per well. The production increase from this program has met expectations with an average production rate at Silvertip in August of 540 boepd (gross) (July - 500 boepd). Production in August was slightly more oil weighted than July with the mix of hydrocarbons being 25% oil, 29% condensate (NGL's) and 46% gas.

This program has provided valuable insight on the multiphase (oil, gas, water) flow and reservoir characterization. This workover program is ongoing and provides the Company with a low risk work program to increase cash flow and add incremental reserves.

Tags: Incremental Oil and Gas Ltd




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml