The WMRU-5 is one of the wells acquired by Miller when it purchased Alaskan oil and gas assets from Pacific Energy Resources through a chapter 11 US bankruptcy proceeding in Delaware last year.
In addition, Miller acquired onshore and offshore production and processing facilities, an offshore energy platform, over 600,000 net lease acres of land with thousands of acres of 3-D and 2-D geologic seismic data, miscellaneous roads, pads and facilities all of which originally cost over $100m to build and install over the last decade.
Last month, Miller revealed that its Alaskan operations were producing more than 300boed. The rework of the WMRU-5 well is the first of several well reworks planned by the firm.
Scott Boruff, CEO of Miller, said: “Our experienced team in Cook Inlet, Alaska continues to do great work which bodes well for our continued ramp up of production in the region. With the WMRU-5 well back in production and completion of rework of WMRU-6 oil well currently underway, we beat our goal of producing 800boed by the end of the first quarter of 2010.
“We are now turning our focus to maximizing production from our other existing wells which will allow us to be producing 1,100boed well in advance of our original time table of the fourth quarter of 2010.”
Miller is an oil and natural gas exploration, production and drilling company operating in multiple exploration and production basins in North America.
