New Standard Energy Limited advise that it spudded its first well in the Eagle Ford shale (EFS), the Peeler Ranch-5H, on Sunday 26 January 2014.
The Peeler Ranch-5H well, which is in New Standard's Atascosa Project, Texas, USA, is operated on the company's behalf by strategic business partner Magnum Hunter Recourses. It is expected to take approximately 20 days to drill to the target vertical depth (TVD) of 2,950 metres, with a lateral length of 1,735 metres.
Upon completion of Peeler Ranch-5H, the rig will be mobilised across the existing pad to drill the Peeler Ranch-6H well. This ability to use existing infrastructure will provide New Standard with cost efficiencies.