Exploration & Production
Double Eagle Unveils Well Plans at Niobrara, Pinedale Properties
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Double Eagle Petroleum Co. has reported an operations update on its development activities in the Spyglass Hill and Mesa Units, and exploration updates on certain undeveloped acreage.
Drilling Operations Atlantic RimDrilling activities in 2013 in the Atlantic Rim occurred in the Spyglass Hill Unit, where the Company participated in 27 wells in the Doty Mountain participating area with production from these wells commencing in 2014. Based on the Company's experience in the area, wells in the Spyglass Hill Unit of the Atlantic Rim typically take one to three years to reach full production due to existing less efficient water handling infrastructure. The Company's average working interest share of costs in these new wells was approximately 11.7%, with an as adjusted estimated net revenue…
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