Lucas Energy has commenced drilling the Kayla Unit No.1 well, Gonzales County, Texas, a re-entry of a horizontal in the Austin Chalk formation.
The well was spudded on September 28, 2009 and is expected to be completed within two weeks. The well was originally drilled in 1991 and plugged and abandoned in 2005. Lucas will re-enter the well and clean out the horizontal leg acidizing the lateral in stages to restore production.
William A. Sawyer, President and CEO of Lucas Energy, said, "With oil prices at $65 per bbl, the cost of the workover should payout in less than 6 months."
Most Popular Articles
From the Career Center
Jobs that may interest you