Armada, Geokinetics Ink Agreement for Niobrara 3-D Survey
Armada Oil and Geokinetics USA have entered an agreement in which Geokinetics will conduct a 3-D seismic survey of Armada's acreage in the Laramie and Hanna Basins in the Niobrara oil play in southern Wyoming.
Geokinetics' survey, which will cover approximately 41.05 square miles, or 26,272 acres, is part of Armada's aggressive growth strategy and "will further illuminate the Niobrara play, allowing exploration for reserves not locatable by other means and providing the necessary data to develop the new discoveries," said Armada Oil Chief Executive Officer James J. Cerna in a statement on Monday.
In May, Armada reported it would begin a 3-D seismic shoot of the area in August of this year.
Armada plans to drill two wells by year-end in the Niobara, said Cerna, noting that the company "is eager to be working in tandem with Geokinetics to record and interpret state-of-the-art information that will enable us to identify high-potential drill targets."
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Armada, Geokinetics Ink Agreement for Niobrara 3-D Survey (Jul 09)
- Weather Watch: Rescue Efforts Ongoing for Missing Offshore Workers (Sep 09)
- Geokinetics Shuffles Management (Mar 23)