By OGJ editors
HOUSTON, Feb. 27 -- Newly public Gulfport Energy Corp., Oklahoma City, has a 2006 budget of $45-60 million.
The 2006 plan is to drill 22 wells and recomplete 18 in West Cote Blanche Bay field in St. Mary Parish and drill six wells in Hackberry field in Cameron Parish. The company shut-in both fields days before Hurricane Rita struck on Sept. 24, 2005.
Eleven of the 57 wells that had been producing a net 2,144 boe/d before the storm at WCBB are back on production, and the rest are to be returned to production starting in the second quarter of 2006.
The 2006 wells are expected to produce oil and associated gas from about 9,500 ft. A $5.5 million, 12,000-ft exploratory well is to be drilled in mid-2006.
Hackberry in January neared 85% of its 282 net boe/d pre-storm output. One small facility still needs repair. A $6 million, 42 sq mile 3D seismic survey in 2005 will guide 2006 drilling and lead to a $4 million deep wildcat in 2007.