AYCO Moving on to Drill Pitchford-2 Onshore US Gulf Coast
The operator of the NE Waller Prospect onshore the US Gulf Coast, AYCO, has advised First Australian Resources (34% interest) that the drilling of the Pitchford-1 well has been completed and that wireline logs have been run. The logging results did not indicate the presence of hydrocarbons and the well will now be plugged and abandoned.
Pitchford-1 was the first well selected for testing the number of shallow prospects and leads at Frio level. A full modern log suite was run in the well in order that this well would serve as a calibration of the 3D seismic over the other Frio prospects and leads. The partners in the venture will evaluate the remaining Frio opportunities in light of the information from the Pitchford-1 well before making a decision on the future drilling of these prospects.
The operator advised that the rig contracted for the drilling of the Pitchford-2 well is expected to move onto location this weekend. The well, a planned 7100' Yegua test, will be drilled by Black Creek Drilling, Inc and is expected to take approximately ten days to drill.
The Pitchford-2 prospect is mapped as a counter regionally dipping fault with a significant upthrown structural closure in the Eocene Cockield and Yegua intervals. Both horizons are important oil and gas producers in the immediate area. Reservoir quality and thickness are assured at this location. Both sand sequences are regional in deposition and are present in nearby wells. Pipeline facilities exist within one mile of the drill location.
- Gunvor CEO Sees Russian Refining Capacity Taking Hit from Drone Strikes
- Sinopec Engineering Posts Higher Annual Petrochemicals Revenue
- Subsea7 Secures Contract to Service Woodside's Trion
- These Factors Helped Brent Oil Price Break Above $85
- Imperial Pipeline in Winnipeg Goes Offline for Three Months
- Adnoc Inks Supply Deal for Ruwais LNG Project with Germany's SEFE
- Gaz System to Acquire Gas Storage Poland
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Rystad Looks at the Buzz Around White Hydrogen
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension