Nighthawk Adds Abandoned Producer to Jolly Ranch Output
Nighthawk has acquired a well located in Lincoln County at the Jolly Ranch Group project which covers 370,578 gross acres (281,069 on a net basis) in Colorado. Nighthawk holds a 50% interest in the project and the operator, Running Foxes Petroleum Inc. ("Running Foxes"), holds the remaining interest.
At the request of the State of Colorado, Nighthawk and Running Foxes have taken control of the Williams 10-27 well at no cost to the partnership. The well, which is in Township 14S R56W on land already leased by Nighthawk and Running Foxes in the south of the Jolly Ranch area, had been abandoned by the previous operator.
The Williams 10-27 well is part of the Manassas oil field which was discovered in 1976 by Petro-Lewis. The well was completed in a sandstone within the Atoka formation and produced oil and several hundred thousand cubic feet of gas per day from 7,296 to 7,304 feet.
Evaluation of historic data shows there to be a full suite of Atoka and Cherokee shales present and indicates their prospectivity. As the well is located approximately four miles to the south of the current core project area, the confirmed extent of the Jolly Ranch Group shale play has been considerably increased through the acquisition. In addition, there are 10 feet of Marmaton reservoir present within the well bore which appear to be potentially productive.
The well bore is in good condition with significant pressure at the wellhead. The well will be re-entered and the Cherokee and Marmaton zones stimulated for production.
- How Likely Is an All-Out War in the Middle East Involving the USA?
- Rooftop Solar Now 4th Largest Source of Electricity in Australia
- US Confirms Reimposition of Oil Sanctions against Venezuela
- Analyst Says USA Influence on Middle East Seems to be Fading
- EU, Industry Players Ink Charter to Meet Solar Energy Targets
- Russian Ships to Remain Banned from US Ports
- Brazil Court Reinstates Petrobras Chair to Divided Board
- EIB Lends $425.7 Million for Thuringia's Grid Upgrades
- Var Energi Confirms Oil Discovery in Ringhorne
- Seatrium, Shell Strengthen Floating Production Systems Collaboration
- An Already Bad Situation in the Red Sea Just Got Worse
- What's Next for Oil? Analysts Weigh In After Iran's Attack
- USA Regional Banks Dramatically Step Up Loans to Oil and Gas
- EIA Raises WTI Oil Price Forecasts
- How Likely Is an All-Out War in the Middle East Involving the USA?
- Venezuela Authorities Arrest Two Senior Energy Officials
- Namibia Expects FID on Potential Major Oil Discovery by Yearend
- Oil Markets Were Already Positioned for Iran Attack
- Is The Iran Nuclear Deal Revival Project Dead?
- Petrobras Chairman Suspended
- Oil and Gas Executives Predict WTI Oil Price
- An Already Bad Situation in the Red Sea Just Got Worse
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil and Gas Execs Reveal Where They See Henry Hub Price Heading
- Equinor Makes Discovery in North Sea
- Macquarie Strategists Warn of Large Oil Price Correction
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- Standard Chartered Reiterates $94 Brent Call
- Chevron, Hess Confident Embattled Merger Will Close Mid-2024
- Analysts Flag 'Remarkable Feature' of 2024 Oil Price Rally