Bluebird Energy
Description
Bluebird Energy plc has hydrocarbon interests as depicted below, in five assets in four states of the United States of America: Pennsylvania, Kansas, Colorado and Montana.
Centurion in south Kansas is an oil producing asset, however, only a small proportion of the acreage has been developed to date. Six wells are producing through two separation and tank chains. Produced water flows into a water disposal well. Further production wells are being drilled or re-opened. Regional analysis indicates that further exploration drilling across the remaining acreage using traditional oilfield techniques has a 30 percent chance of success. Bluebird Energy plc management intend, in conjunction with the operator, to acquire 3 D seismic data, with a view to better identifying well targets. Long term development may use horizontal wells, which have recently proved successful in similar formations.
The Company also holds rights to the Marcellus Shale. Recent deals in the region for prime Marcellus Shale with a significant contiguous acreage position have been recorded at around US $7,000 per acre, with even higher values paid for acreage with production facilities.
Extensive acreage at Solitaire in eastern Colorado has some historic drilling data including gas flows from the shallow Niobrara Carbonates, which is believed to be the primary target formation in the region.
Big Sky in southern Montana contains exploration leads in Cretaceous age Greybull sandstone channels. The area also has potential for CBM production.
Email office@bluebirdenergy.net