Dune Energy Spuds New Barnett Shale Well

Dune Energy has spudded a new well targeting the Barnett Shale formation. The well, the Pitts #2, located in Wise County, Texas, will be drilled to a total depth of approximately 9,000 feet. This well is an offset to Dune's Pitts #1, which is currently on production. Management expects the Pitts #2 to reach total depth in about 30 days, which will then allow the rig to be moved to a location to be determined. Dune owns a 95% WI interest and a 73.15% NRI in the well.

The Pitts #2 is the third of four wells Dune has committed to drill with the same rig (the McPeek #2 being the first). In addition, as previously announced, Dune expects delivery of the Itera #1 Rig in mid September 2006, for an initial term of two years. The Itera #1 Rig, which will be dedicated solely to Dune, will be capable of drilling both horizontal and vertical wells.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Expertise: Floorhand / Roughneck|Roustabout
Location: Grand Junction, CO
Remote Paramedic w/ Clerking Experience
Expertise: Paramedic / Nurse|Rig File Clerk|Safety Officer
Location: GOM, TX
Casing Crew Pusher
Expertise: Floorhand / Roughneck|Roustabout
Location: Oklahoma City, OK
search for more jobs

Brent Crude Oil : $50.2/BBL 3.29%
Light Crude Oil : $47.89/BBL 3.34%
Natural Gas : $2.94/MMBtu 1.37%
Updated in last 24 hours