Petrol Oil & Gas Inc. reports it has entered into commercial stages, signing a multiyear contract for the sale of coalbed methane and other natural gas from wells in its Coal Creek project in southeastern Kansas.
“Most of our field efforts this year have focused on establishing the gas reserves within our Coal Creek Project area,” says Paul Branagan, Petrol’s chide executive officer. “We are all extremely excited to see our coals successfully dewatering and beginning to produce commercial quantities of CBM gas. Petrol is now in the process of transforming from a start-up company by looking to rove up its play to a true production and development company.”
The company says it has drilled six pilot wells on its Coal Creek Project and is finalizing the stimulation process on each well to connect them into commercial production through the Big Creek gas sales line.
Petrol says it is planning an aggressive drilling program, adding that its 165,000-acre leasehold overlying the Cherokee Group of coal seams in southeastern Kansas and southwestern Missouri can support 1,700 producing gas wells. The flat terrain of eastern Kansas offers ease of access for rigs, fracturing equipment and other development activity, while the shallow depths associated with the multiple targeted coal seams allows drilling production operations to be performed at a low per well cost, the company indicates.
“Most of our field efforts this year have focused on establishing the gas reserves within our Coal Creek Project area,” says Paul Branagan, Petrol’s chide executive officer. “We are all extremely excited to see our coals successfully dewatering and beginning to produce commercial quantities of CBM gas. Petrol is now in the process of transforming from a start-up company by looking to rove up its play to a true production and development company.”
The company says it has drilled six pilot wells on its Coal Creek Project and is finalizing the stimulation process on each well to connect them into commercial production through the Big Creek gas sales line.
Petrol says it is planning an aggressive drilling program, adding that its 165,000-acre leasehold overlying the Cherokee Group of coal seams in southeastern Kansas and southwestern Missouri can support 1,700 producing gas wells. The flat terrain of eastern Kansas offers ease of access for rigs, fracturing equipment and other development activity, while the shallow depths associated with the multiple targeted coal seams allows drilling production operations to be performed at a low per well cost, the company indicates.
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