Nighthawk 'Delighted' with Jolly Ranch Results

Nighthawk Energy on Friday updated its drilling activity at its 75 percent owned, operated project at Jolly Ranch in the Denver-Julesburg Basin, Colorado.

The John Craig 6-2 well was successfully drilled to a depth of 8,250 feet. Drilling was completed on time and on budget, and the well was logged and cased ready for testing.

Data collected from the well includes mud-logs, samples and wire-line gamma ray and pulse neutron logs. This data has clearly identified significant oil shows, with good porosity, in the primary target Cherokee formation. Three additional potential oil-bearing formations have also been identified, all of which are at shallower depths than the Cherokee.

The well was perforated and acidised over a twelve foot section of the Cherokee formation with immediate results. The initial flow has been closely monitored and measured. The well has flowed under natural pressure, through a 1 inch choke, and has produced over 600 barrels of high quality oil over a continuous twenty four hour period. Whilst this does not necessarily reflect the potential short or medium term production rates, this is a highly positive result, significantly above the production rates required for commerciality. Work is now underway to bring the John Craig 6-2 onto permanent production and two loads of oil from the well have already been lifted. Nighthawk has a 100 percent working interest in the 6-2 well (80 percent net revenue interest).

Further Cherokee targets and the three additional potential oil-bearing zones will remain behind pipe during this initial production phase, and represent attractive, low-cost opportunities to enhance and extend future production from the well.

Drilling of the Pike's Peak Williams 4-30, the second well in the drilling program, commenced on Sept. 14. This well is located 2.5 miles north-west of existing Nighthawk producing wells and will test the up-thrown side of a large, seismically defined, basement fault. The well has a planned target depth of 8,000 feet and primary targets include the Cherokee and Marmaton formations, with a number of secondary targets.

Drilling is proceeding on schedule and is currently through 5,300 feet. Nighthawk has a 100 percent working interest in the 4-30 well (80 percent net revenue interest).

Stephen Gutteridge, chairman of Nighthawk, commented: "The results from the John Craig 6-2 represent a very positive start to our new well drilling program, and the well is expected to significantly step-up our current production levels. We are delighted with the initial flow rates and we will update on sustainable flow levels once the well has been on production for a few weeks. The results are also early confirmation that our geo-science led development strategy to identify the 'sweet-spots' in the Cherokee resource play, coupled with relatively mild formation interaction, yields results. We are looking forward with increased confidence to the next wells in the program."


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Well Monitoring Specialist
Expertise: WellSite Supervisor
Location: Houston, TX
Chief Mechanic (6th Gen Drillship)(Contract)
Expertise: Rig Mechanic
Location: Houma, LA
ET (Deepwater Drillship)
Expertise: Rig Electrician
Location: Houma, LA
search for more jobs

Brent Crude Oil : $50.79/BBL 1.30%
Light Crude Oil : $49.96/BBL 1.10%
Natural Gas : $2.77/MMBtu 2.12%
Updated in last 24 hours