Otis Energy announce drilling underway in Comanche Horizontal drilling project
- The Test Well is currently at a depth of 1,574 feet (479 metres) of the vertical section of the well and is expected to take 22 to 25 days to complete before the lateral section of the well commences.
Otis Energy Limited (ASX: OTE) announce that drilling of the first well, the Nocona Prospect Test Well, at its Comanche Horizontal Shallow Oil project (12.5% Working Interest (9.375% NRI)) located in North Central Texas is underway.
The Test Well is currently at a depth of 1,574 feet (479 metres) of the vertical section of the well and is expected to take 22 to 25 days to complete before the lateral section of the well commences. The Comanche Project targets the Marble Falls Limestone formation (MFL) at a vertical depth of approximately 5,100 feet (1,554 metres). Wells are drilled horizontally approximately 2,500 feet (762 metres) initially targeting oil and natural gas liquids produced from existing vertical completions surrounding the Comanche project.
Recent drilling activity continues to indicate the MFL is conducive to horizontal drilling and modern completion technology, and targeting porosity lenses enhanced by micro-fracturing should yield the best results. Based on conservative 160 acre drainage, up to 40 wells may be required to fully develop the Comanche Project. Considering recent well results, 250,000 BOE per well is obtainable and implies recoverable reserve potential of up to 10,000,000 BOE (close to 1,000,000 BOE net to Otis.) Secondary objectives in the Project Area include the deeper Ellenburger and Mississippian carbonates, shallower Atoka conglomerates, Caddo and Strawn formations.
'The Comanche project is a liquids rich limestone play utilising horizontal drilling technology within a proven oil field containing substantial vertical completions and production.' said Barnaby Egerton-Warburton Otis Managing Director.
'Successful efforts in these initial Comanche wells could see repeatable development drilling for years to come from existing cashflow generated from the project.'
This article is for information and discussion purposes only and does not form a recommendation
to invest or otherwise. The value of an investment may fall. The investments referred to in this
article may not be suitable for all investors, and if in doubt, an investor should seek advice from
a qualified investment adviser. More
Upcoming OilVoice Training Course
Petroleum Geology of the Mediterranean
All OilVoice Training Courses
This course is aimed at providing an overview of the petroleum prospectivity of the offshore basins bordering the discrete Eastern and Western Mediterranean oceanic basins. The first part of the course is spent on a regional overview of the Tethyan system, based on pala... Learn more