Drilling & Completions | General News | Field Development | Drilling Activity
Torchlight Accelerates Activity at Wolfcamp Orogrande Project
Torchlight Energy Resources reported that it will be drilling three new wells on its Orogrande Basin Project in the coming months.
Orogrande Basin Project
The Company will drill three wells beginning in mid-October 2018 to test over fifteen additional potential pay zones encountered while developing results in the Pennsylvanian Siltstone target. The first two wells will satisfy Torchlight’s obligations under the Drilling and Development agreement with University Lands.
The next Orogrande well to be drilled will be the University Rich A11 #2. The well will be a twin to Torchlight’s Rich A11 #1 well drilled in 2015. Torchlight experienced difficulties during the drilling of the Rich A11 #1 and it was ultimately determined that the cement job on the casing had failed. As a result of data gathered from that process, we have identified five distinct Wolfcamp unconventional targets ranging in thickness from 86 feet to 160 feet.
The Company will drill, log, core, and test this geologic concept to produce evidence that these zones spread out over a significant portion of its acreage block.
Completion Design
In August, the Company announced an effort to incorporate a newly designed gas lift system to assist with the moving of fluids in the horizontal section of the wellbore.
After significant testing there was no measured increased in fluid production and the gas lift system was removed. It has been replaced by a traditional tubing and packer system in the wellbore and Torchlight has individually tested the zones down hole by systematically isolating them in front of and behind the packer.
This allowed incremental testing of each zone further out the wellbore to the toe and helped identify that results are coming from communication between all fraced zones combined. A highest hourly rate of 4.1 MMCFPD and daily of 2.2 MMCFPD has been measured with sustained production of ~1.5 MMCFPD during fluid removal at 6 barrels per hour on average. Produced oil has been encountered but further frac fluid removal is necessary to report an oil cut in measured quantities. The shut-in pressure reading was 1675 psi. Currently, the well is producing with flowing tubing pressure at 450 to 500 psi. Torchlight believes that the periodic oil shows during testing indicate significant oil in the system. The Company will continue extensive well tests including pressure transient work to achieve production and confirm the 600-foot hydrocarbon interval contains oil as well as gas. This thesis is reinforced by multiple technical factors including logs, rotary core analysis and oil recovery.
More Drilling & Completions News

Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…

Range Resources Talks 1Q Results; 2024 Wells Plan Unchanged
Range Resources reported its first quarter results. As you can see from the chart below, the company has 76% of its budget remaining and 82% or 40 wells…

Large Permian E&P Cuts Capex;Outlines New D&C Plans, 2024
Ovintiv provided an updated guidance for the remainder of the 2023 development cycle. 2023 Guidance The Company issued its third quarter 2023 guidance and revised its full year…

Petrus Resources Ltd. First Quarter 2023 Results
Petrus Resources Ltd. announced first quarter 2023 results. Highlights Higher production – Production was up 54% from 7,379 boe/d(1) in the first quarter of 2022 to 11,385 boe/d…

Cardinal Energy Ltd. First Quarter 2023 Results
Cardinal Energy Ltd. announced first quarter 2023 results. Highlights Production increased 5% over the same period in 2022 due to ongoing strong base performance and excellent 2022 drilling…
Permian - Delaware Basin News

Empire Petroleum First Quarter 2023 Results
Empire Petroleum announced first quarter 2023 results. Highlights Increased year-over-year per day sales volumes by 4% to 2,206 barrels of oil equivalent per day ("Boe/d") (61% oil, 19%…

Earthstone Energy, Inc., First Quarter 2023 Results
Earthstone Energy, Inc., announced first quarter 2023 results. Highlights Average daily production of 104,450 Boepd(1), up 194% from Q1 2022 Net income(2) of $86.2 million, and Adjusted Net…

Battalion Oil Corporation First Quarter 2023 Results
Battalion Oil Corporation announced first quarter 2023 results. Highlights Substantial progress on acid gas treating facility as we ramp up gas delivery toward bringing the facility fully online…

Ring Energy, Inc., First Quarter 2023 Results
Ring Energy, Inc., announced first quarter 2023 results. Highlights Grew first quarter 2023 sales volumes 2% to a record 18,292 barrels of oil equivalent per day ("Boe/d") (69%…

PDC Energy, Inc., First Quarter 2023 Results
PDC Energy, Inc., announced first quarter 2023 results. Highlights Net cash from operating activities of approximately $590 million, adjusted cash flows from operations, a non-U.S. GAAP metric defined…
Permian - Midland Basin News

HighPeak Energy, Inc., First Quarter 2023 Results
HighPeak Energy, Inc., announced first quarter 2023 results. Highlights Produced average sales volumes of 37,222 barrels of crude oil equivalent per day ("Boe/d"), consisting of 85% crude oil…

Callon Petroleum Company First Quarter 2023 Results
Callon Petroleum Company announced first quarter 2023 results. Highlights Net income of $220.6 million, or $3.57 per diluted share (all share amounts are stated on a diluted basis),…

Coterra Energy Inc., First Quarter 2023 Results
Coterra Energy Inc., announced first quarter 2023 results. Highlights Net Income (GAAP) totaled $677 million, or $0.88 per share. Adjusted Net Income (non-GAAP) was $661 million, or $0.87…

Diamondback Energy Reducing 2023 Drilling Program
Diamondback Energy, Inc. announced first quarter 2023 results. However during the earnings call. Here are a few things the company said. "We are going to reduce our rig…

SM Energy Company announced its first quarter 2023 results
SM Energy Company announced its first quarter 2023 results. Highlights Growing profitability. In the first quarter 2023, net income was $198.6 million, or $1.62 per diluted common share,…