Apache to Drill More Than 20 Granite Wash Wells in 2010

Apache announced that the Hostetter #1-23H well located in Washita County, Okla., is producing 17 million cubic feet (MMcf) of gas and 800 barrels of liquid hydrocarbons per day.

The Hostetter #1-23H is Apache's first operated horizontal well in the prolific Granite Wash play. The well was drilled to a depth of 12,500 feet with a 4,000-foot horizontal section and eight separate fracture-stimulation stages. Apache owns a 72-percent working interest in the well.

"Apache controls more than 200,000 acres across the play, primarily held by production," said Rob Johnston, Apache's Central Region vice president. "The Granite Wash stacked sandstones extend more than 100 miles across western Oklahoma and the Texas Panhandle.

"Apache has drilled hundreds of vertical wells across the play, and horizontal drilling technology has unlocked hundreds of additional opportunities on Apache's acreage," he said. "The high liquid hydrocarbon content makes the play especially attractive in the current environment of low natural gas prices."

By year-end, the company will operate four horizontal drilling rigs in the immediate area and plans to drill more than 20 horizontal Granite Wash wells in 2010.