New Brunswick: South Stoney Creek well to spud

Contact Exploration Inc., Calgary, plans to spud in September 2011 at a newly defined oil prospect named Hopewell in the Edgett’s Landing area of New Brunswick.
Sept. 7, 2011

Contact Exploration Inc., Calgary, plans to spud in September 2011 at a newly defined oil prospect named Hopewell in the Edgett’s Landing area of New Brunswick.

Contact has a 94% interest in the Hopewell well, which is designed to test a new pool believed to be hydrocarbon-bearing on the company’s South Stoney Creek acreage in the Moncton subbasin.

Extensive production testing of a well that flanks the seismically defined Hopewell structure demonstrated good light oil production and good opportunity to move upstructure with further wells. The location has been built.

Hopewell is just south of Stoney Creek oil and gas field, where natural decline has flattened at both horizontal wells drilled in late 2010 and production continues at a combined 100 b/d of oil with netbacks of $70/bbl.

Meanwhile, in the Alberta Deep Basin, Contact has established a new core area by paying a land equalization sum to another oil and gas operator and committing to drill a Contact-operated well.

About the Author

Alan Petzet

Chief Editor Exploration

Alan Petzet is Chief Editor-Exploration of Oil & Gas Journal in Houston. He is editor of the Weekly E&D Newsletter, emailed to OGJ subscribers, and a regular contributor to the OGJ Online subscriber website.

Petzet joined OGJ in 1981 after 13 years in the Tulsa World business-oil department. He was named OGJ Exploration Editor in 1990. A native of Tulsa, he has a BA in journalism from the University of Tulsa.

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