By OGJ editors
HOUSTON, Feb. 1 – Golden State Resources Ltd., Perth, has spud a third exploratory well since 2006 in the northern Paradox basin in southeastern Utah.
The Paradox Basin-3 well, in 16-23s-23e, Grand County, targets the Upper Ismay zone of Pennsylvanian Paradox above 10,000 ft, which demonstrated gas flow capacity as high as 3.6 MMcfd in the first two wells. A Williams Cos. gas pipeline comes within 6 miles of the Paradox Basin-2 well.
The three wells are in 21 and 16-23s-23e, two townships south of the Cisco Springs area. Consulting engineers offered low estimates of 9 bscf of gas in place in Ismay and 6.2 bcf in Pennsylvanian Barker Creek, and the company has dubbed the area Golden Eagle gas field.
Objectives in the deeper Pennsylvanian section such as the Barker Creek, Alkali Gulch, and Akah formations were intersected close to the bounding fault and are potentially isolated from the main structure. The first two wells bottomed at 16,471 ft and 14,216 ft.
Golden State holds 100% working interest. Eclipse Exploration Inc., Denver, has the right to back in with a 16.67% working interest.
The Golden Eagle structure lies along the Paradox fold and fault belt and is on structural trend with Big Indian, Lisbon, Lightning Draw, Little Valley, and Lisbon South fields.
