Kentucky USA Energy has reached total depth of 2,732ft on its Hunter Wells 4 well located on its leasehold in the New Albany Shale in Indiana. The well has been evaluated and determined to be commercially viable and the well’s drilling log confirms that there is approximately 166ft of shale formation encountered in the well.
The company has said that an additional gas zone which was not in the original reserves study, the Dutch Creek formation, was also discovered in the Hunter Wells 4 well between 2,598ft and 2,610ft.
The oil company expects to complete this additional zone first. The completion process has begun on the well and the 4.5-inch production casing is expected to be run into the well shortly.
Steven Eversole, CEO of Kentucky USA Energy, said: In a few of these last wells we have been drilling, we are encountering additional gas zones that were not in our original reserves study. These gas zones have shown strong gas to the surface and this is very encouraging for our revenue prospects.
Headquartered in London, KY, Kentucky USA Energy is engaged in the acquisition, exploration, and development of oil and natural gas resource properties, with a primary focus on New Albany shale gas in the Illinois Basin in western Kentucky.
