Colorado: Nighthawk farms out unconventional play

Nighthawk Energy PLC has farmed out 4,572 acres of its 100% owned Jolly Ranch project in Lincoln County, Colo., in the Denver basin to an undisclosed Denver farmee.

The farmout calls for the farmee to earn a 50% working interest by drilling at least three vertical wells to the unconventional Pennsylvanian Cherokee and Marmaton horizons near Limon, about 15 miles south of Nighthawk’s Arikaree Creek oil field.

Drilling is to start by Apr. 30, 2014, and the farmee will carry Nighthawk’s 50% working interest through to the tanks. The farmee has two wells that produce from the same two horizons on adjacent acreage.

The well locations will be mutually agreed and will benefit from the farmee’s recent 30 sq mile 3D seismic survey covering the farmout acreage and adjacent farmee licenses. Nighthawk and the farmee will exchange 3D seismic information.

Related Articles

Tethys reports second successful gas well in Kazakhstan

03/20/2014 Tethys Petroleum Ltd. reported the success of the second shallow gas exploration well of its 2014 program on the Akkulka block in the Caspian regio...

BOEM: Firms bid $850 million in high bids in central gulf lease sale

03/19/2014 The US Bureau of Ocean Energy Management reported that its central Gulf of Mexico Lease Sale 231 received 380 bids from 50 companies on 326 blocks,...

CNOOC makes gas discovery in Qiongdongnan basin

03/19/2014

CNOOC Ltd. has made a natural gas discovery in the east Lingshui Sag of the deepwater area in the South China Sea’s Qiongdongnan basin.

Cairn, FAR to drill exploration wells offshore Senegal

03/19/2014

FAR Ltd., Perth, will participate in the drilling of two deepwater exploration wells offshore Senegal next month.

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected