Area Drilling

LouisianaPanaco Inc., Houston, established gas and condensate production from Miocene Marg A-24 as the deepest producing sand in Price Lake field, Cameron Parish.It plans more development on 1,491 acres of leases around the 1 Sturlese Estate, expected to begin sales in fourth quarter. MA-24 flowed 9.387 MMcfd of gas, 79 b/d of condensate, and 9 b/d of salt water with 9,935 psi FTP on a 14/64 in. choke from below 15,900 ft. CAOF is 40 MMcfd.The company is obtaining relief from state severance tax for 2 years. The well cut 144 ft of gross productive interval in MA-22 and MA-24 sands. TD is 16,467 ft. Preliminary third party engineering assigned 36 bcfe of gross reserves in all categories to...

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