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Marksmen, Partner Hit Snag at Latest Ohio Well; Estimates IP by Year-End

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Marksmen, Partner Hit Snag at Latest Ohio Well; Estimates IP by Year-End

Marksmen Energy Inc. has reported an update on the Clinton Sandstone Horizonal well drilled in Hocking County, Ohio.

The operator of the well is Hocking Hills Energy and Well Services LLC of Ohio.

The Leaman #1 well has been drilled and completed with a 12-stage fracking program. The final stage of remedial work, required due to technical difficulties encountered after the fracking program, has been delayed by additional requirements of the Ohio Department of Natural Resources (ODNR).

ODNR required the operator to upgrade the one-mile bush road and lease to similar standards that are applied to operators in the deep shale regions of eastern Ohio. These regulations are deemed necessary by ODNR to mitigate any possible environmental impact to the surrounding terrain from erosion due to rain run-off and other factors. This has resulted in extensive civil engineering work and extra cost to prepare a multi-stage plan for work on the lease and road through hilly and heavily forested terrain. An engineering firm, Diversified Engineering, experienced with these standards, was contracted and prepared the Plan and interface with ODNR. ODNR has approved the Plan.

The operator has indicated that remedial operations are expected to commence on or about November 5, 2018. Marksmen anticipates that the well will be equipped and on production by no later than year end.


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