• TCEI JV Block A-1 well: Spectacular condensate and gas flows following a very limited fracture stimulation
• Well flowing at an average rate of over 950 barrels of condensate per day with an average rate of over 2.5 million cubic feet of gas per day being an equivalent of around 12 million cubic feet equivalent gas per day
• Rate is over 6 times the pre-stimulation rate
Empyrean, the AIM-listed energy company with exploration and production assets in Germany and USA today announces the following initial test results from its TCEI JV Block A-1well on Block A at the Sugarloaf Project in Texas:
Fracture stimulation operations at the TCEI JV Block A-1 well commenced over the weekend. As of the latest report the well was flowing on 14/64” choke at approximately 2.5 mmcfgpd (million cubic feet gas per day) with approximately 950 bcpd (barrels of condensate per day) and nil bwpd (barrels of water per day) with a FTP (Flow Tubing Pressure) of around 4000 psi.
Commenting today, Empyrean Executive Director Tom Kelly said, “These flow rates are spectacular from an acid frac of only 900 feet of horizontal with only 5 sets of perforations. To be getting such a great condensate flow is also very pleasing given where the oil price is right now. Our shareholders have been patient and it is pleasing to see this being rewarded as the completion methods learnt early on in the project are being successfully implemented by the operator.”
