Output Exploration Makes New Pool Discovery
|Wednesday, December 15, 2004
Output Exploration reports that the Roaring River #20-1 well, located in the Sacramento Delta in Solano County, Calif., approximately 15 miles south of Fairfield, has resulted in a new natural gas pool discovery.
The Roaring River #20-1 was drilled to a depth of 8,734 feet and encountered over 80 feet of net gas pay in the Domengine sand. The well is currently producing at a rate of 1,350 Mcf per day at a flowing tubing pressure of 2,100 psig. Venoco Inc., holds a 43.75% working interest in the Roaring River #20-1 and serves as operator. OPEX holds a 56.25% working interest.
"We are very pleased with the Roaring River discovery, which has significant potential for further development from the Domengine and other sands," said Robert A. Brook, OPEX's president and CEO. "While the field development plans are still being formulated, at this point we expect to drill at least one additional well in the Domengine sandstone later in 2005."