Exploration/Development news briefs, Sept. 28
PANACO � Kestrel Energy � Hurricane Hydrocarbons
Panaco Inc. said Tuesday that its A-11 well in the East Breaks Blocks 109 and 110 area has reached total depth of 7,742 ft. Logs indicate 430 ft of gross productive interval and 135 ft of net productive interval in four sands, said the company. A production liner has been run, and completion operations are under way. Panaco anticipates first sales from this 100% owned well will occur during the second week of October.
Kestrel Energy Inc. said the Turner 3-14 well in Grady County, Okla., has been successfully completed as a gas producer with a current flow of 1.1 MMcfd. The well was drilled in Amber North East gas field, and gas is being produced from the Red Fork sands at a depth of 10,535 feet. A second well, the Turner 1-23, is currently in the process of being completed, and results are expected to be released within a few weeks. Kestrel has a 37.5% working interest and a 26.7% net revenue interest in the well.
Hurricane Hydrocarbons Ltd., Calgary, said its directors authorized the development of three Kazakh fields, Qyzylkiya, Aryskum, and Maibulak. The project is estimated to cost about $140 million, said the company, including transportation pipelines and an associated rail loading facility. Other projects are expected to increase Hurricane's total capital investment over the next 5 years in its upstream business in Kazakhstan to more than $250 million.