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

INTERNATIONAL BRIEFS

01/01/1990 WESTCOAST ENERGY INC., Vancouver, B.C., agreed to buy the utilities and propane business of Inter-City Gas Corp. (ICG), Winnipeg, Man., for $720 mi...

OWNERSHIP QUESTIONS CAN STYMIE DEVELOPMENT OF COALBED METHANE

01/01/1990 Although the technology exists for commercial recovery of coalbed methane, production has been hindered because of the legal quandary as to ownersh...

OIL FLOW RISING IN E. CHINA REGION

01/01/1990 Production is building from an oil producing area in the lower reaches of the Yangtze River in eastern China's Jiangsu Province. The northern J...

GAS EXPLORATION FANS OUT MIN ARKOMA BASIN

01/01/1990 Gas exploration is heating up in the South Central Arkoma basin's pre-Pennsylvanian formations. Several operators are targeting Siluro-Devonian...

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