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Vine Energy Touts Record Drill Time for Latest Bossier Well
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Vine Energy Inc. has concluded the drilling phase of the longest onshore horizontal well in the State of Louisiana.
The CHKMIN 20-29-32HC-01 ALT was recently drilled in Sabine Parish to the Mid-Bossier formation with an estimated lateral of 15,240 feet and total measured depth of 27,520 feet. The well was drilled in 35 days and the drilling phase cost approximately $400 per lateral foot, a Vine record for both drilling time and cost. The well is scheduled for completion in January 2022.
Commenting on the news, David Elkin, Vine's Executive Vice President and Chief Operating Officer said, "I want to congratulate the Vine team for what is quite simply a remarkable achievement that complements the numerous, best-in-class milestones we've realized since Vine's inception. It reflects our commitment to operational excellence, safety and sustainable value creation for all stakeholders."
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