Empire Energy Perforates Leon County Well, Continues with Cotton Valley Sand Completion
OVERLAND PARK, Kan., Jul 11, 2001 (BUSINESS WIRE) -- Empire Energy Corporation
(OTCBB:EECI) reports today that completion operations on an upper Cotton Valley
Sand interval in its Bedsole No. 1 well, have commenced. Empire operates and
owns a 95% Working Interest within the Bedsole Gas Unit, located in Leon County,
Texas. The results of the initial completion activities, which began on June 13,
are encouraging, indicating that formation characteristics are consistent with
the log interpretations and are conducive to economic gas production from the
targeted upper Cotton Valley Sands over the interval from 12,810 - 12,920.
A net 42' of the target formation was perforated, acidized and swabbed in
preparation for a reservoir stimulation (sand-frac), which is scheduled to occur
the week of July 16. Initial testing following the acid treatment yielded
consistent flow, indicating adequate porosity and permeability, necessary for
achieving successful stimulation. Once the upper 42' section is hydrofractured,
pressure and flow testing will be performed in order to determine ultimate
recovery and optimum daily production rates. Further information will be made
available as progress is made. |
