PetroQuest group has Louisiana Cris R Massive find

PetroQuest Energy Inc., Lafayette, La., is completing the Thibodeaux-1 well, a gas-condensate discovery in Vermilion Parish, La. (OGJ Online, July 19, 2011).

Yuma E&P Co. Inc., Houston, which generated the La Posada prospect, said the well went to a TD of 19,079 ft and logged 248 ft of pay in Cris R Massive sands. It said the well is expected to produce at 20-30 MMcfd of gas with 20 b/d of condensate and 36 b/d of natural gas liquids per million with reserves estimated to be greater than 100 bcfe.

Yuma is marketing the Tigre Lagoon prospect adjacent to La Posada targeting the same objectives with the same reserve size.

Partners in La Posada are PetroQuest, Stone Energy Corp., Walter Oil & Gas Corp., JGC Energy Development, Chalkley Exploration, Guardian Oil & Gas, and Gulf Coast-Mid-West.

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