Dejour Starts Up Production at South Rangely

Dejour Energy Inc., an independent oil and natural gas exploration and production company operating in North America's Piceance Basin and Peace River Arch regions, Monday announced that it has commenced production at the Company's South Rangely leasehold from its successful discovery well drilled in 4Q 2011. On initial test the well flowed rich gas at rates in excess of 400 MMcfd. Dejour maintains a 30% WI in the discovery, but holds a 77% WI in the balance of the unitized 6300 acre leasehold. Dejour and its partner will now focus on the Hz production potential for oil that has been encountered in a down dip extension of the same Niobrara formation south of this leasehold.

"Production at South Rangely signifies the execution of an important component of our 2012 strategic plan. We committed in 1Q 2012 to unitize relevant acreage associated with this Dejour operated leasehold and have achieved this milestone. South Rangely represents the Company's first U.S. based production. This well will not only contribute incremental revenue but secure the leasehold and set the stage for future development collaborations in this developing play," said Dejour COO Hal Blacker.


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
Branch Manager for Heavy Equipment Dealership in Mississippi
Expertise: Facilities Management|Mechanic
Location: Mississippi, United States, MS
Production Operator - Bladder Blade Separators/Manifolds Speci
Expertise: Mechanical Technician|Production Operator|Production Technologist
Location: Houston, TX
United States Lafayette: Service Operator II - Surface Solutions
Expertise: Production Operator
Location: Lafayette, LA
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours