Alex, news on your pick WT-t:
Westfort running production liner at Pelahatchie
Tue 1 May 2001
News Release
Mr. Whitney Pansano reports
Westfort Energy has drilled to 17,300 feet in sidetracked hole for a
Norphlet formation development well in Pelahatchie field, situated in
central Mississippi's Rankin county, approximately 20 miles east of
Jackson, Miss.
The Harold Karges 18-3 No. 1 Section 18 5N-5E was drilled to 17,300 feet in
the original hole. After logging one interval with 38 feet of effective pay
in the Norphlet, the logging tool became stuck in hole at 17,110 feet and
could not be retrieved, forcing plug back to 16,940 feet and sidetrack from
16,890 to 17,300. With sidetrack interval now drilled successfully, the
company is currently running five-inch production liner to 17,300 feet
inside the hole which was previously cased to 17,000 feet. Further
evaluation of mud log shows and open-hole logs indicate a 12-foot show of
possibly tight oil and gas at the base of the Smackover lime connected to
the 38 feet of Norphlet pay previously evaluated. Additionally, Westfort's
engineers have made log evaluation calculations that indicate there is
another potential 20 feet of net pay further below in the Norphlet
interval. The company will, after casing the hole, run additional cased
hole logs that will aid in a more complete evaluation of the Norphlet
formation.
A southwest offset (approx 1,300 feet, Section 18 5N5E), the Shell W.D.
Rhodes No. 1 well, completed in July, 1967, was the discovery well of the
Pelahatchie (deep) field and the first Norphlet formation production
established in the Mississippi interior salt basin. Produced at rates
initially at 1,440 barrels of oil per day together with over 1.4 million
cubic feet of high British thermal units sweet gas, the well produced
almost 600,000 barrels of oil and vented an unknown amount of gas. A
confirmation well of the deep discovery, Shell-Love, Mashburn No. 1,
drilled approximately 1,400 feet north, had initial production rates of 840
barrels of oil per day together with 850,000 cubic feet of gas per day and
accumulated approximately 75,000 barrels of oil. Both wells were shut in
prematurely due to production problems involving salt precipitation in the
production tubing and flow lines. These problems are now handled routinely
in the industry.
The Harold Karges 18-3 No. 1 well was drilled on a 160-acre unit of which
Westfort owns 100-per-cent working interest to all depths through its
wholly owned subsidiary, Canadian Delta Inc. Patterson Drilling
Corporation, a subsidiary of Patterson Energy Ltd., may earn 33.3 per cent
of the working interest in depths above the Norphlet zone in this unit
(which is included in a 640-acre area of mutual interest with Patterson).
Net revenues to working interest are 70 per cent after royalties and/or
overriding royalties. Westfort controls approximately a 5,000-gross-acre
lease block surrounding the prospect through direct ownership and/or
farm-in agreements providing for essentially the same
70-per-cent/30-per-cent formula of revenue splits as in this drilling unit.
Westfort's plans entail an extensive development program for its
Pelahatchie holdings. Further details on the plans will be outlined in the
near future by management to its shareholders. |
