The Bear #2 began drilling on December 15, 2009 and was drilled to 2,509ft and completed in the Vedder sand between 2,104 and 2,138ft. The well has been completed and is initially producing at a rate of 50 barrels of oil per day. The rate may be increased over time depending on the initial performance of the well.
On December 26, 2009, the drilling began on the Sunday #4-H, the company’s first horizontally drilled well. The well encountered 375ft of horizontal oil pay in the 20ft vertical section of the Vedder Sand. The well is currently being completed.
The Black #1 exploratory well began the drilling on January 2, 2010 and was drilled to 2,300ft and encountered 20ft of oil pay in the Vedder sand between 2,141ft and 2,161ft. This well is currently being completed. The Marshall lease, where this well was drilled, was obtained through a farm-in arrangement from another operator.
This lease is located approximately one-half mile from the company’s tank battery and will be connected to it. The well is located in a separate reservoir from the company’s two previously discovered reservoirs, which it identified through interpretation of our 3-D Seismic.
James Westmoreland, president and CEO, said: “We are pleased with the successful drilling of the Sunday#4–H horizontal well. The use of horizontal drilling technology here at East Slopes will allow us to drain our reservoirs quicker with fewer well bores. This will allow us to deploy the capital saved from fewer development well bores to other areas within our East Slopes project.”
