Range Resources updated on the Russell Bevly #1 appraisal well as part of the North Chapman Ranch Joint Venture's multi-well program in Texas.
The appraisal well Russell Bevly #1 spudded on May 9, 2010 and is progressing as follows:
The projected total depth of the well is 14,000 ft. (4,268m), and located approximately 1,900 ft. (570m) north-northwest of the Smith #1. Range holds a 20% working interest in the well, which has an estimated dry hole cost of US $3.8m (Range share US $760,000 has been pre-paid).
Range will provide regular updates on the progress on the drilling of the Russell-Bevly well.
Texas Update – Smith #1 Well
As previously announced by the Company, the initial production from the Smith #1 well was from one zone under natural pressure. The joint venture will shortly shut in the well and commence the opening of the two other zones as well as fracture stimulation of all three zones.
Most Popular Articles
From the Career Center
Jobs that may interest you