Drilling & Completions | General News
Hunter Oil Subsidiary Files Five-Well Permit Targeting NM San Andres
Hunter Oil's wholly-owned subsidiary, Ridgeway Arizona Oil Corp., has filed for drilling permits for 5 wells in its Chaveroo oil field in Roosevelt County, New Mexico.
The planned wells will target the San Andres formation at approximately 4,500’ TVD (true vertical depth) and will be one-mile-long horizontal wells.
In the long run, the company intends to develop the Chaveroo reserves by drilling up to 84 horizontal wells.
About Chaveroo Oil Field
Hunter has a 100% working interest in its almost 16,000-acre Chaveroo field. The Chaveroo oil field has reserves targeted for exploitation of 22 MMBOE (million barrels of oil equivalent) consisting of Proved Undeveloped reserves of 8.4 MMBOE, Probable reserves of 3.4 MMBOE and Possible reserves of 10.2 MMBOE, as disclosed in its year-end 2017 reserve report.
Related Categories :
General News
More General News News
-
Phillips 66 Makes Offer to Buy DCP Midstream for $34.75/Share
-
Hamm Family Proposes Taking Continental Resources Private for $25B
-
Exxon, Hess to Proceed with Yellowtail Development Offshore Guyana
-
Operators Cite Investor Pressure for Production Growth Restraint
-
Citing Ukraine Invasion, BP to Dump 19.75% Stake in Rosneft, Exit Board
Permian - Central Basin News >>>
-
Ring Energy Finalizes Acquisition of Stronghold Energy II
-
Riley Exploration Permian Talks Q1 Production, Drilling -
-
Ring Energy Talks 2020 Plans; Spending, Drilling Down 44% YOY
-
Ring Details Q4 Drilling Activity, IP Averages; Adds to Hedges
-
Ring Talks Q3 San Andres / CBP Drilling Activity, Well Results