Scandoil  

Terrace announces another 1,000 boepd well on its STS Olmos project


Published Oct 4, 2013
Terrace Energy Corp

Terrace Energy Corp. announce continuing success in its horizontal drilling program on its STS Olmos Project in South Texas, USA with its partner, BlackBrush Oil & Gas LP. Its latest horizontal well, the STS AW A1-17H well, was drilled to a measured depth of 14,215 feet, including a horizontal section of approximately 4,300 feet in the target interval and was successfully fracture stimulated in 18 stages.

After less than 5% load recovery, the well is stabilizing at a rate of approximately 627 BOPD (barrels of oil per day) and 2.6 MMCFD (million cubic feet per day) of liquid rich gas. All of the wells in this project will be tied into the wet gas gathering system located on the STS Project and delivered into a high efficiency natural gas liquids extraction plant. Based on the current test rate, liquids recoverable through the extraction plant are expected to effectively increase this well's revenue stream to over 1200 BOEPD (barrels of oil equivalent per day). There can be no assurance that the flow rate will stabilize at current or higher levels over time.

Tags: Terrace Energy




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