The Company also reports that the pipeline to tie the Oliver Unit #1H Well into a gas marketing line in the area is in process to be permitted and subsequently constructed. Further, the Company is securing contracts for metering, compression, gas dehydration and treatment, transportation, as well as gas marketing. The Company's well will tie-in to an existing gas pipeline that crosses the Company's lease leading to gas processing and marketing.
The Oliver lease was acquired by the Company with a 100% working interest and a 70% net revenue interest in the 312 acres obtained. The Barnett Shale gas target is estimated by management to be approximately 350 to 375 feet thick, according to offsetting wells drilled by Encana Oil & Gas Inc., and XTO Energy, Inc.
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