Pemberton and its JV partners will develop the property by drilling a horizontal well with multistage frac in the Viking formation. This strategy for development is being used by all companies that are developing Viking plays in this area.
The geology for this area has been done by the company’s geophysicist using data from existing wells both on the property and on the next spacing unit. The existing logs and production data were used to pick the direction and height of the leg of the well. This data was used in determining projected production numbers.
Pemberton and its JV partners have a survey company to survey the drill site and a land services company has been contacted to handle the land surface acquisition for the drill project. A bid package has been requested for the drilling of this well. Pemberton and its JV partners plan to have the site surveyed, land work competed and license applied for within the next 30 days.
