Norse Spuds 1st Herkimer Well in Stryker JV

Norse has resumed its Herkimer sandstone drilling program with the spudding of the first well in its recently announced drilling joint venture with Stryker Energy.

The program has been enhanced with the addition of recently acquired 3-D seismic. The presence of a promoted 50% partner allows Norse Energy to efficiently leverage its significant acreage position by recouping some of its land, 3-D seismic and overhead costs while retaining overriding royalties and a back in after payout.

"We have taken the appropriate time to allow our new 3-D science to lead the way," noted Norse Energy CEO Mark Dice. "Anticipated timely well hookups should provide an early indication of the quality of the program. We look forward to providing an update on November 10, 2010 when our Q3 results are reported," concluded Dice.

Norse Energy controls the drilling rights to approximately 180,000 acres of which ~130,000 acres are located in central New York State in the promising Herkimer Sandstone, Marcellus Shale and Utica Shale fairways.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Technician 2
Expertise: Field Service Tech|Perforation|Rig Mechanic
Location: Katy, TX
Oil Field Trainee - Total Annual Compensation est. 57K Year 1
Expertise: Mud Engineer / Drilling Fluids|Well Servicing & Testing|WellSite Supervisor
Location: Katy, TX
Derrickhand - Fruita, CO
Expertise: Derrickman|Motorman
Location: Fruita, CO
search for more jobs

Brent Crude Oil : $51.87/BBL 0.40%
Light Crude Oil : $47.64/BBL 0.56%
Natural Gas : $2.94/MMBtu 0.67%
Updated in last 24 hours