Runnells 7 Well Further Extends Previous Discovery
The Runnells 7 appraisal well logged 115 feet of net Frio gas sand. The well, located in Matagorda County, Texas, is a continuation of the Grand Slam field delineation. Runnells 7 is currently at the original target depth of 14,600 feet. The working interest owners have agreed to drill the well an additional 400 feet deeper to test a deeper potential pay interval and to improve the correlation to both the seismic data and the existing wells.
Runnells 7 is the third well on the structure. Runnells 3, the field discovery well is currently producing at a gross rate of 9 million standard cubic feet per day (MMscfd) with 300 barrells per day (bpd) of condensate. Runnells 5, the first delineation well, is currently producing at a gross rate of 18.6 MMscfd with 600 bpd of condensate. Runnells 5 proved an additional 75 feet of the gas column in the field. The Runnells 7 well has proved a further 30 feet of gas column. First production from the Runnells 7 is anticipated before the end of this year.
Santos USA Corp owns a 29.1% working interest in this well and the 704-acre Runnells Gas Unit. Other owners include Esenjay Exploration, Inc., (33.0% WI, operator) and Samedan Oil Corporation (23.3% WI).