Arizona Holbrook basin exploration planned
An oil, gas, and helium exploration program with capital spending of as much as $29 million is planned in eastern Arizona’s Holbrook basin.
OGJ Chief Editor-Exploration
HOUSTON, Sept. 9 -- An oil, gas, and helium exploration program with capital spending of as much as $29 million is planned in eastern Arizona’s Holbrook basin.
PetroSun Inc., Scottsdale, Ariz., signed a deal with Energy Southwest LLC that contains a drilling and development obligation under which Energy Southwest will explore PetroSun’s acreage in the basin.
The first exploratory wells will be drilled on the Manuel Seep and Meteor Crater prospects. The Manuel Seep well will be drilled to basement to test all prospective oil, natural gas, and helium zones.
The Meteor Crater well will be a direct offset to the Holbrook Energy 26-1 well that discovered an oil-bearing sand in the Fort Apache member of the Permian Supai formation at 1,632-44 ft. The Meteor Crater offset will test the Fort Apache for potential commercial crude oil production, PetroSun said.
State records show the well, in 26-19n-13e, Coconino County, close to the famed astrobleme feature about midway between Flagstaff and Holbrook, was reentered, tested, and plugged in October 2004. Townsend Oil first drilled it in 1995.
“The agreement with Energy Southwest allows PetroSun to test the Holbrook basin structures for commercial oil, natural gas and-or helium reserves and will provide the company with the means to retire our outstanding debt,” said Gordon LeBlanc Jr., PetroSun chief executive officer.
Contact Alan Petzet at email@example.com.