American Petro-Hunter has said that the Shelor Oil well at the Rooney Project, located in Ford County Kansas has passed the 4,500ft level and is drilling ahead.
The Shelor well is planned for a total depth (TD) of approximately 5,400ft and the company now anticipates that the well will reach TD within three days. The company said that once the well reaches the TD, any and all prospective oil and gas shows will be evaluated through a series of drill stem tests and a suite of electronic well logs.
The election to run casing as a commercial well in readiness for production will be made at that time. The company anticipates well testing to proceed during the upcoming weekend.
The Shelor well is the second oil well to be drilled at Rooney and is part of the company’s planned program aimed at drilling at least one well per month in order to rapidly develop the newly discovered reservoir.
The Shelor location is up-dip and North West from the currently producing 24 Double H well. In the event that the Shelor results as the second commercial producer at Rooney, the company plans a rapid tie-in to the existing oil storage infrastructure and in the event of significant natural gas production to a nearby gas pipeline, a process estimated to take approximately two weeks to complete.
According to the company estimate the Shelor well, if successful, could be generating revenue by mid-March.
The Rooney Project totals 7,040 acres adjacent to the north edge of existing Morrow Sand oil and gas production. The initial discovery well, #24-1 Double H, commenced commercial production in January.
The potential barrels of oil associated with the discovery well and underlying oil pool are currently estimated at 500,000 barrels and the company feels the potential for the newly discovered reservoir is 3,000,000 barrels of oil.
The company and partners have developed a minimum of 10 target locations to drill that could add 10 additional wells to the portfolio by the end of the fourth quarter of 2010 at a planned drilling schedule of one new well per month. The operator of the project is S&W Oil & Gas of Wichita, Kansas. The purchaser of the oil production at Rooney is NCRA of McPherson, Kansas.