By OGJ editors
HOUSTON, Sept. 13 -- Private Houston independent Petrogulf Corp. expects to begin drilling operations soon on a well in the Wyandotte prospect in St. Mary Parish, La., after purchasing a 50% working interest from Falcon Natural Gas Corp., Houston. Petrogulf was named operator in that sales agreement.
Independent contractors have completed 3D seismic studies on the Wyandotte property, and in June 2005 an independent petroleum engineering firm completed a reserves report that indicated estimated proved undeveloped reserves of 26.3 bcf of gas in the reservoirs comprising the Discorbis Bol Sands, Falcon said in its quarterly report.
The well scheduled to be drilled will replace the Inglewood 2 well drilled in 1980, because an engineering study concluded that reentry of the old well would be too risky.
The $5.5 million replacement well will be drilled a few yards away from the existing well to a depth of at least 17,000 ft. to develop the Discorbis Bol Sands. If commercial, salable quantities of natural gas are produced, the companies will drill a second production well to accelerate recovery.
