By OGJ editors
HOUSTON, Feb. 23 – Bill Barrett Corp., Denver, said the Koskie 13H-27 well at its Yellow Jacket prospect in the Paradox basin is producing 1.1 MMcfd of gas equivalent from the Pennsylvanian Gothic shale at 400 psi tubing pressure.
Barrett used a much larger frac stimulation than on earlier well completions, which has produced better results. The company will monitor data from the well for a few months and will start its 2010 confirmation program in the second quarter with at least one well.
The prospect covers 308,600 gross and 139,750 net undeveloped acres, and Barrett holds 178,600 gross and 127,600 net undeveloped acres in a similar shale gas prospect in the adjacent Green Jacket area.
The company said its 2009 net income included an impairment expense of $19.7 million related to subeconomic performing wells at Yellow Jacket and to properties in the North Hill Creek field in the Uinta basin and $30.7 million of dry hole expense for 14 wells in five unspecified exploration areas.