Delta Oil & Gas Puts Third Well in Saskatchewan On Stream
Delta Oil and Gas announced that its third horizontal development well at Wordsworth, Saskatchewan (the 14-7-3W2 horizontal well) has been drilled and completed. The well was drilled to a horizontal depth of 6,332 feet. Analysis of drilling results indicated that this well should be capable of production rates similar to our other wells to the west. Surface pumping equipment has been installed and a flowline has been installed to deliver fluids to the facility located at 2A2-23-7-3W2.
The well was placed on a pump on September 25, 2009 and we achieved initial flow rates of approximately 150 barrels of oil per day with equal volumes of water. It has now stabilized at approximately 120 barrels of oil per day. We anticipate that this well will produce at its strongest levels in the first two years and expect to extract in excess of 60,000 barrels of oil in that time. Additionally, this well provided some important insight into the porous reservoir distribution in this area of the field and will help in determining the locations of future wells to maximize the recovery of hydrocarbons.
Delta owns a 5.0% working interest in this horizontal well and has fully paid CDN $67,253.50 as its proportionate share of the drilling and completion costs of this well. Operating costs on an ongoing basis have not yet been determined but have been budgeted for. This area is known for prolific oil reserves in numerous Mississippian Alida pools The Company is now in discussions with the operator with respect the drilling of additional wells in the vicinity.
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- UK Oil Regulator Publishes New Emissions Reduction Plan
- PetroChina Posts Higher Annual Profit on Higher Production
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- McDermott Settles Reficar Dispute
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- USA Oil and Gas Job Figures Jump
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- Blockchain Demands Attention in Oil and Gas
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Equinor Makes Discovery in North Sea
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension