Pantheon: Fracking Permission for VOS#1 Granted

Pantheon Resources plc announced Friday that permission has been granted to conduct fracture stimulation and testing activities at the VOS#1 well in Tyler County, onshore East Texas.

The operator of the asset has contacted its preferred service company to undertake the procedure and has been advised that the estimated first availability for commencement of operations is in early August. Pantheon has cautioned that this estimate is to be considered for guidance only and is dependent upon factors outside of its control.

Both Pantheon and the operator revealed that they have decided to perform the fracture stimulation procedure over the shallower Austin Chalk section in addition to the highest potential Eagleford sandstone sections.

“I am pleased to announce that we have been granted the permit to perform the fracture stimulation test on the VOS#1 well and as part of this we also now have the opportunity to gain valuable data from the independent Austin Chalk zone, above the discovered Eagleford sandstone section,” said Jay Cheatham, CEO of Pantheon, in a company statement. 



Have a news tip? Share it with Rigzone!
Email news@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
Rigzone Staff
e-mail us at news@rigzone.com
 -  MEO Australia Seeks Shareholder Approv... (Sep 28)
 -  Karoon Buys PEPC's 35% Stake in 4 Sant... (Sep 28)
 -  China's Wison Completes Test of World'... (Sep 28)
 -  DNV GL Reviews 100 Rigs as part of Saf... (Sep 28)
 -  Farstad Shipping Sells AHTS Lady Sandr... (Sep 27)


Most Popular Articles

From the Career Center
Jobs that may interest you
Field Technician
Expertise: WellSite Supervisor
Location: Oklahoma City
 
United States Houston: Product Compliance Manager
Expertise: Regulatory Compliance
Location: Houston, TX
 
CDL DRIVER - Make over $70,000 per year!
Expertise: Floorhand / Roughneck
Location: Oklahoma, OK
 
search for more jobs

Brent Crude Oil : $45.97/BBL 2.91%
Light Crude Oil : $44.67/BBL 2.74%
Natural Gas : $3/MMBtu 0.33%
Updated in last 24 hours