By OGJ editors
HOUSTON, Feb. 12 -- Ridgeway Petroleum Corp., Houston, formed the 89,734-acre Cottonwood Canyon Unit in Catron County for eventual production of carbon dioxide and helium.
The company's Ridgeway Arizona Oil Corp. subsidiary is the operator and only working interest participant in the unit, which took effect Jan. 15.
Meanwhile, Ridgeway Petroleum cased the 11-29-30 well near St. Johns, Ariz., as a future Amos Wash and Fort Apache gas well (OGJ Online, Jan. 30, 2007). The well showed "excellent pressures and CO2 flows" from 1,740 ft to TD 1,907 ft. Flow testing is planned.
The rig began drilling the second in a winter program of as many as 12 wells.
The company is mobilizing a third rig that is to spud the first appraisal well in the unit in February. The well will appraise the Amos Wash interval, found gas-bearing in several wells previously drilled on the New Mexico side of St. Johns field.
Ridgeway Petroleum controls about 200,000 acres in the two states and has changed its focus for the sale of CO2, previously California, to the Permian basin.
