Louisiana

By OGJ editors
HOUSTON, July 7 – GeoResources Inc., Houston, plans one reentry and three new wells to begin drilling in late July or early August in St. Martinville field, St. Martin Parish, La.

A high-resolution 3D seismic program has been shot and processed and is being integrated with subsurface control and being interpreted. The last well, Standard of Kansas-7, has proved reserves estimated at 250,000 bbl and cost $1 million to drill and complete.

The salt dome has produced more than 15 million bbl of oil and 16 bcf of gas from less than 7,000 ft. The deeper Discorbis has yielded 124 bcf and almost 2 million bbl of oil at 10,000 ft. GeoResources has 97% working interest and 91% average net revenue interest in the field.