North Padre Well Begins Gas Flow
Entek announced that well A-11 ST#1 on North Padre Block 975 in which it has earned a 25% Working Interest flowed gas to surface on Tuesday June 8th 2010 (US CST).
The well continues to cleanup (flowing drilling and completion fluids with the gas). At 06:00 AM (US CST) Wednesday June 9th 2010 the well was flowing gas at a rate of 4.440 MMCFD on a 16/64 choke with a flowing wellhead pressure of 2,300 psi. This outcome is as projected by Entek and is further confirmation of the low risk strategy adopted by the Company in its Gulf of Mexico portfolio acquisitions.
Production from the A-11 ST#1 well together with:
- existing production from the High Island 24L Block in Texas State waters, and
- oil and gas production anticipated to flow from the onshore Green River Basin operations later this year from activity scheduled to commence this month, including the testing and completion of existing wells and the drilling of new wells, the Company expects to significantly grow its reserves and revenue during the remainder of 2010.
After re-entry of the existing A-11 well on the Block 975 A Platform in late April 2010, the well was sidetracked from the existing A-11 wellbore and drilled to a Total Depth of 7,983 feet MD (7,573 feet TVD), encountering all objectives and successfully logging pay at multiple levels including the B-7 primary target objective.
A 5 inch production liner was run and cemented to 7,903 feet MD (7,547 feet TVD). The A-11 well targeted 4 BCF of natural gas up-dip of wells that prove the accumulation. There is an additional 2 BCF of upside potential that may be produced after the B-7 Sand depletes.
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