Diaz Resources begins drilling sixth horizontal oil well at Lloydminster

Diaz Resources Ltd. announces that drilling operations have begun on the sixth horizontal location, 11B2 Lloyd 11-18-48-1 W4, on its developing Lloydminster oil play in Alberta, Canada. Diaz holds a 50% working interest in the project. 

The fifth horizontal well 11B Lloyd 11-18-48-1 W4 was drilled and a 667 meter horizontal section in the Lloydminster formation was cased. Oil saturated sand and free oil shows were encountered throughout the horizontal section. 

These two wells are part of the previously announced five well program scheduled for the first quarter of 2010. 

Diaz received approval from the ERCB for a holding which allows for up to 64 wells to be drilled on section 18-48-1 W4.



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...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs