EnerGulf Announces Longoria Discovery
EnerGulf Resources has received word from operator Killam Oil Co. that the Longoria 174 No.1 well in Duval County, Texas, has been completed as a producing gas well and is being hooked up to pipeline facilities. Gas production from the Yegua sands should commence flowing within the week.
EnerGulf owns a 5-percent working interest in the 1,291.9-acre Longoria 174 prospect and a surrounding area of mutual interest. The well is located in a highly prospective area of South Texas. A multi-well drilling program is now anticipated.
Killam has designated the Longoria 174 No. 1 as a tight hole, meaning that all further information will be kept confidential for a period of time due to the competitive exploration environment in the immediate area.
"After finalizing our interest in the
Exploration License for Block 1711 offshore Namibia, we are very happy to learn that gas is expected to be sold into the pipeline this week
for the Longoria 174 No. 1 well in South Texas," said Jeff Greenblum, chairman of EnerGulf's board. "These two events validate our strategic goals of balancing
stable production with high impact exploration opportunities. We
expect to participate in more drilling with Killam Oil in the future
in an effort to increase our production at a time of historic energy
prices. Meanwhile, we continue our efforts to build a strong portfolio
of high impact exploration opportunities throughout Africa."
- EnerGulf Estimates 3.16B Barrels at Offshore Namibia Block (Feb 21)
- EnerGulf to Increase Interest in Namibia Block (Oct 12)
- EnerGulf Charges Ahead in Congo, Offshore Namibia (Feb 02)
Company: Killam Oil Co. more info
- EnerGulf to Drill South Texas Well (Jul 26)
- EnerGulf Announces Longoria Discovery (Apr 11)