Drilling & Completions | General News
Hunter Oil Subsidiary Files Five-Well Permit Targeting NM San Andres
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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.
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