The well, which was drilled to a depth of 19,650ft in a non-producing fault block on the Hilltop structure in Robertson and Leon counties, confirms the presence of high-quality reservoirs in the down-thrown fault block.
The company plans to complete the well in two initial zones and, depending upon the availability of frac stimulation services, expects the first of these initial completions to be on-line by the end of April.
The Belin #2 well is projected to cost approximately $11m including the cost of the initial completions.
Gastar has a 67% before payout working interest (approximately 50% before payout net revenue interest) in the Belin #2 well.
