Norse Lands Braden Rig for Herkimer Drilling

Norse announced signing a one-year contract with Braden Drilling for use of a Speedstar 185 drilling rig. Consistent with previous guidance, this rig will be used for continued drilling of horizontal Herkimer wells on our 130,000 acres in Central New York. Drilling is expected to start in October 2010. The new wells will be fully supported by our recent investment in state of the art 3D seismic covering 38,000 acres.

Negotiations are continuing with multiple service providers for additional drilling rig capacity in anticipation of the need to expand drilling operations.

"I believe that the fantastic drilling opportunities in our core Herkimer business provides a competitive advantage, while we await the beginning of Marcellus and Utica Shale drilling," noted Mark Dice, President and Chief Operating Officer of Norse.

Drilling the Herkimer play generates added value for Norse through holding acreage by production that is highly prospective for large scale development of the Marcellus and Utica shale formations. Norse's acreage is also advantaged by its access to multiple interstate pipelines serving attractive natural gas markets in the Northeastern United States.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Drilling Fluids Specialist
Expertise: Drilling Foreman / Drilling Supervisor
Location: Beeville
US, Zanesville, OH: Associate Electronic Technician - Electronic Technician
Expertise: Electrical Technician
Location: Zanesville, OH
United States Duncan: Design Drafter, Mechanical - Sr. Mechanical Designer
Expertise: Mechanic
Location: Duncan, OK
search for more jobs

Brent Crude Oil : $49.71/BBL 1.50%
Light Crude Oil : $48.7/BBL 2.05%
Natural Gas : $3.11/MMBtu 12.68%
Updated in last 24 hours