Alberta: Shale oil well cased to TD for evaluation

By OGJ editors

Private companies have set casing to 8,700 ft total depth at a shale oil well in an undisclosed area of Alberta, said Petsec Energy Ltd., Sydney.

The well was extensively logged, and cores were taken for use in detailed petrophysical and geochemical evaluations expected to last 3-4 months.

Petsec paid 35% or about $700,000 of the cost of the initial well and has the right to elect to participate in the drilling of as many as three optional wells to earn a 24.5% working interest in 17,280 acres of leases.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...