Exploration & Production | Drilling / Well Results
Target's Permian Well Flow Rate Jumps 25%; Drilling Begins at BOA 12 #2
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Target Energy Limited has reported an update on its Fairway Project in West Texas.
Sydney #2 is presently flowing at 395 BOEPD (311 BOPD with 503 mcfgd) from the Fusselman Formation -- exceeding the initial high-end production rate (announced 19 February 2014) by 25%. Drilling has commenced at BOA 12 #3, considered a low risk, step-out well situated approximately 550m (1,800 ft) southeast of the Company's 2011 BOA 12 #1 well. The well is expected to be in an up-dip position which should greatly improve the prospectivity of the Fusselman formation. The well will test both the Wolfberry and Fusselman sections and is expected to take 15 days to drill to the planned Total Depth of 3,048m (10,000 ft). At Wagga Wagga #1, the completion and testing program remains underway. The Devonian…- ✓ Full news archive — U.S., Canada & international coverage
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