Pegasi Energy Resources Corp., Tyler, Tex., said it has drilled the first horizontal well in Cass County, northeast Texas, to target oil in the Jurassic Bossier formation.
A multistage frac is planned in 60-90 days at the Morse Unit-1‐H, first well in Pegasi’s planned development of its Cornerstone project, which has been suspended with production liner set in the 2,000-ft lateral.
The company is evaluating the data acquired on the vertical pilot that penetrated all of the formation’s potential target reservoirs to 10,843 ft true vertical depth as well as the data acquired from the target zone of the horizontal lateral, which was drilled to 12,576 ft measured depth. The data will be used in frac design.
