Sonoran Energy Starts-Up High-Impact Louisiana Well
"With the successful start-up of this first high-impact well in Louisiana our patience has finally been rewarded," said Peter Rosenthal, Sonoran's president and CEO. "Initial production rates from the well are very encouraging, and these rates may increase on completion of the full work program."
"In addition, we have undertaken a major work program on a second high-impact well, which includes the removal of more than 1000 feet of stuck pipe and clean up of the well bore. The well will require further work before bringing it to production. We are now evaluating the experience and lessons learned before moving forward with the next phases."
Rosenthal added, "We took on a difficult, some might say impossible, task in re-activating these wells, given the depth of the problems associated with them. Much of the credit is due to the technical ability and competence of our personnel and partners in the field, and everybody's commitment to getting the well flowing. We have achieved a major milestone, taking a formerly inactive well and bringing it into production, and I am confident that we will soon see this success mirrored on our other Louisiana wells."
Frank T. Smith Jr., Executive VP and CFO commented, "The success of Louisiana well, Strickland 17 should translate to a material improvement in cash flow and provide additional financial flexibility for Sonoran as we proceed with the remainder of our Louisiana program."
Sonoran Energy is a U.S.-based independent oil and gas company that is building a diversified portfolio of high-value assets in North America, North Africa, the Middle East, and the Caspian region. Sonoran Energy explores, develops, and enhances the performance of high-value oil and gas opportunities.
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- UK Oil Regulator Publishes New Emissions Reduction Plan
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- PetroChina Posts Higher Annual Profit on Higher Production
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- McDermott Settles Reficar Dispute
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- USA Oil and Gas Job Figures Jump
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- Blockchain Demands Attention in Oil and Gas
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension
- Equinor Makes Discovery in North Sea