Independence Energy Confirms Rig Arrival at Tx. Well

Independence Energy Corp. has received confirmation that the contracted drilling rig for the Taylor-MEI #113 well has arrived at the well site in Coleman County, Texas.

"Now that the contracted rig has finally arrived onsite, drilling of Taylor-MEI #113 well is scheduled to begin early next week," stated Mr. Gregory C. Rotelli, CEO and President of Independence Energy. "The Taylor-MEI #113 is a re-completion to the Gardner Sandstone formation shown to be productive in the area and is projected to take approximately 10 days to complete. Re-completion of the second well of the program, the Taylor-MEI #115, is scheduled to begin immediately following the Taylor-MEI #113."

The Taylor-MEI #113 is part of a two well re-completion program targeting potential oil bearing formations shown to be productive in the area. The two wells, the Taylor-MEI #113 and the Taylor-MEI #115, were originally drilled to, and completed in, the Ellenburger formation (4,400 feet) and are scheduled for re-completion to the Gardner Sandstone formation (3,700 feet).

The Company's participation in the Taylor-MEI #113 and the Taylor-MEI #115 wells are structured as a 2.5 percent working interest. All costs to test, complete, and equip the wells through initial completion are included under the original participation agreement.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Frac Supervisor - TX, ND, WY & OK
Expertise: WellSite Supervisor
Location: El Reno, 
United States Bossier City: Service Supervisor I - Frac/Acid
Expertise: Field Service Tech|WellSite Supervisor
Location: Bossier City, LA
Solids Control Technician
Expertise: Process Control|Rig Instrument Tech
Location: Dilley, TX
search for more jobs

Brent Crude Oil : $53.96/BBL 0.35%
Light Crude Oil : $51.36/BBL 0.21%
Natural Gas : $3.209/MMBtu 0.34%
Updated in last 24 hours