Pepper Rock to begin fraccing West Texas wells

Pepper Rock Resources Corp. announced that after initial payment according to the agreement, work has begun on the re-entries and completion of its two wells with Oxalis Energy Inc. This comes just a week after the execution of the joint venture agreement with Oxalis. 

Preparation in the well bores will enable the Company to begin in "frac" process within the next 30 days. Following this, some effective gas measurements can be expected to be taken to gauge the effectiveness of this program. 

Thereafter, the West Texas wells are expected to be tied into the pipeline gathering system for the gas to be transported to the processing plant. 

The second phase of the joint venture will have the Company drill a minimum of 10 natural gas wells with an option to drill another 10. Each well will cost approximately $500,000 to drill and complete. After payout, Pepper Rock and Oxalis will each retain a 50% working interest in the producing wells.



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

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs