By the OGJ Online Staff
HOUSTON, Apr. 5--Abraxas Petroleum Corp., San Antonio, Tex., tested a South Texas well at absolute open flow potential of 16 MMcfd of gas from the Wilcox formation.
Dimon No. 1, in Muy Bueno field in Goliad County, Tex., was drilled to 10,000 ft TD. It found pay in the Wilcox, Yegua, and Frio formation.
The well has been on production since Mar. 1 at a restricted flow rate; it is producing 2 MMcfd of gas and 70 b/d of condensate with flowing tubing pressure of 4,000 psi. Abraxas owns 100% of the well.
Pres. and CEO Robert L. G. Watson said, "This new well sets up at least three potential offset locations indicated by 3D seismic that the company plans to drill this year, depending on rig availability." He added the company believes the well contains more reserves than the 330 MMcfe booked at end-2000.