Range Spuds First of 22 Well Program in Trinidad

Range Resources Limited announced Monday that it has spud the first development well of its planned 22 well program in Trinidad.

Well MD 42N, which is located on the Morne Diablo field, was spud on September 4, 2015 and will be drilled to a total depth of 3,120 feet. The well aims to test the upper cruse channel sand complex at a depth of 1,650 feet and the underlying middle cruse sand trend at a depth of 3,120 feet. Range’s estimate of recoverable oil in the well is 72,000 barrels.

Range Resources announced on August 7, 2015 that it planned to increase production in Trinidad during the second half of 2015, following a production decrease of eight percent during June and July this year. Overall production for Range in the region dropped during June and July to 570 barrels of oil per day, compared to 620 bopd in May.

In a company statement Range Resources said that it was disappointed with the production decline, but was confident that access to four additional new drilling rigs during 2H 2015 would be “pivotal to improving operational performance and growing production”.

Range entered Trinidad in 2011 through the acquisition of three producing onshore licenses, gaining a 100 percent working interest in the Morne Diablo, South Quarry and Beach Marcelle developments. The company holds additional exploration acreage on the Guayaguayare license and the St Mary’s license. According to its website, Range is currently the largest private onshore acreage holder in Trinidad.

A graduate in journalism from Cardiff University, Andreas has eight years of experience as a business journalist. Email Andreas at andreas.exarheas@rigzone.com

WHAT DO YOU THINK?

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.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Andreas Exarheas
Assistant European Editor | Rigzone
 -  SNP MP: Scottish Oil Sector Growing, P... (May 26)
 -  Remote Operations Center Guide: Enter ... (May 26)
 -  TWMA Secures Jobs with New Maersk Oil ... (May 25)
 -  Hundreds of Dong Energy Workers to Tra... (May 24)
 -  Wood Group Indicates Potential Job Cut... (May 24)


Most Popular Articles

From the Career Center
Jobs that may interest you
Equipment Operator - San Antonio
Expertise: Coil Tubing|Driller|Production Operator
Location: San Antonio, TX
 
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
 
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours