Utah: Stone Energy drilling Cane Creek prospect

Dec. 14, 2010
Stone Energy Corp., Lafayette, La., said it expects to finish drilling the first of two exploratory wells to the Pennsylvanian Cane Creek formation by the end of 2010.

By OGJ editors
HOUSTON, Dec. 14 – Stone Energy Corp., Lafayette, La., said it expects to finish drilling the first of two exploratory wells to the Pennsylvanian Cane Creek formation by the end of 2010.

A second well is to be drilled in the first quarter of 2011. The company holds 30,000 net acres and has formed two drilling units to look for oil. Stone Energy is operator with 75% working interest. The wells are in the Paradox basin.