Pantheon Resources, Petro Hunt Make Progress on Nottoway Prospect

Pantheon Resources updates on the drilling of the Fay Weil Ross et al 1 well on the Nottoway prospect in South Louisiana.

Petro Hunt LLC, the operator, has successfully sidetracked the stuck drill pipe in the original well bore and is drilling ahead below 11,000 feet (measured depth). Petro Hunt has a sidetrack drilling plan in place that will reach the original target zones. Nottoway is a high impact oil and gas prospect for Pantheon and part of a three well program in South Louisiana.

Pantheon is participating with a 7.5% working interest, carrying the farm-out companies for a 25% back-in after project payout. All costs will be recovered by Pantheon prior to back-in by the farm-out partners and no revenues will be received by these companies until Pantheon attains payout.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Drilling Manager
Expertise: Drilling Manager|Drilling Superintendent
Location: Dallas, TX
Drill Rig Operator
Expertise: Driller|Drilling Foreman / Drilling Supervisor|Production Operator
Location: Hayward, CA
Tool Pusher
Expertise: Field Service Tech|Toolpusher
Location: Odessa, TX
search for more jobs

Brent Crude Oil : $56.86/BBL 0.76%
Light Crude Oil : $50.66/BBL 0.21%
Natural Gas : $2.959/MMBtu 0.30%
Updated in last 24 hours