By OGJ editors
HOUSTON, Apr. 27 – Questar Corp. said its E&P unit estimates that with six operated rigs at Wyoming’s Pinedale anticline gas field it could complete 95-100 new wells by the end of 2010.
The company, which has completed 21 new wells in 2010, has 25 wells under or awaiting completion.
Questar drilled a 14,165-ft directional well from spud to TD in 12.8 days in the first quarter of 2010 compared with the prior Pinedale record of 13 days in the 2009 fourth quarter. Completed well cost now averages less than $4.5 million.
Questar E&P has a 60% working interest in its operated Pinedale acreage. Its yearend 2009 proved reserve estimate included 427 gross proved developed producing Pinedale wells and 432 gross proved undeveloped locations based on a combination of 5, 10, and 20-acre density. The company estimates that it could have as many as 960 gross additional unbooked locations at Pinedale.