The total condensate production is 57,000bbls and an average daily equivalent gas rate of 14.9mmscfe/d. The company said that the drilling operations Kowalik-1R well are now complete. The well was drilled to a depth of 18,132ft, providing approximately 6,500ft of horizontal section within the reservoir.
The production casing string has now been run and cemented in place and the rig is demobilizing from this location. This well will be fracture stimulated, in a similar fashion to the other wells within the Eagle Ford Shale trend, in due course.
Empyrean has a 10.2% working interest in this well. The company expects that it will earn net revenue immediately should the well go into production as this well is not subject to any operator cost recovery.
