The Meridian Resource Corp Logs Pay in Louisiana
The Coastal No. 20 rig utilized to drill this well was moved within Iberia Parish to drill the J.A. Smith No. 1 well on the exploratory "Y-Not" prospect to test a sand in the Lower Miocene formation at a depth of approximately 16,000 feet MD. The well is currently drilling at approximately 5,100 feet MD.
Operations have begun on the first of two horizontal laterals in the Blackstone Minerals No. 1 well to test the Austin Chalk formation. The well was recently drilled to 14,500 feet and logged and cored apparent gas pay in the Austin Chalk formation. The drilling of the two laterals is expected to take a total of approximately 65-70 days. A pipeline has been laid to the well so that it can be flow tested upon the completion of the second lateral.
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