By OGJ editors
HOUSTON, Oct. 9 -- Unbridled Energy Corp., Calgary, said it is negotiating with a utility that would finance the drilling, logging, and coring of a deep gas well on its property in Chautauqua County, New York.

The company operates more than 15,000 acres in Chautauqua County with a 50% working interest.

Six wells drilled by Unbridled and its partners in the quarter ended June 30 are producing at initial rates of 70-130 Mcfd of gas from tight Silurian Medina sands. The rates are higher than those observed from older wells that used outdated stimulation methods.

Four Medina recompletions are cleaning up stimulation fluids. One of the next two recompletions on the property will target a shale formation in November subject to regulatory approval.