Contango Oil & Gas Co. will invest $52 million to spud eight or nine wells in 2018, while completing an additional eight or nine wells in its southern Delaware basin acreage in Reeves and Pecos County, West Texas. The company said two wells have already reached TD in 2018, and the last three wells drilled had an average 27-day drilling window from spud to TD.
The company is testing multiple benches within 2,500 ft of an objective section in the Bone Springs and Wolfcamp. Completions include 10,000 ft laterals with 2,250-2,500 lbs/lateral ft of proppant.
Of the eight wells spudding in 2018, four are planned for Wolfcamp A, two will target Wolfcamp B, and three will target Bone Springs.
Contango’s most recent well, Ragin Bull #2H, was the second Wolfcamp B test. Spudded in January 2018, the well was drilled to 20,624 ft, including 10,344 ft lateral. The company has planned a 50-stage frac for mid-March. The rig will next move to the Gunner-Sidewinder location to drill two wells from a common pad. The Gunner well will be a Wolfcamp B test in the same unit as the Gunner #2H Wolfcamp A completion. That completion is Contango’s best well to date having produced approximately 130,000 boe in 6 months. The Sidewinder well will be a Wolfcamp A test just south of the Rude Ram #1H Wolfcamp A completion, which has produced 155,000 boe in 9 months. Both wells from this pad will have approximately 10,000 ft laterals and will be zipper fracked in June 2018.
Contango also said it is planning additional wells in 2018 with the operator of the CML Beeler Ranch #1H, which was a Cretaceous Georgetown test spudded in the fourth quarter 2017 and brought online in January 2018.
The well is in Contango’s Zavala-Dimmit County leasehold in South Texas. The Georgetown formation underlies the Buda and Eagle Ford.
Contact Tayvis Dunnahoe at [email protected].
