Incremental Oil and Gas (Incremental Oil and Gas) has announced that it has identified eight additional wells to target for shallow gas recompletions in the Silvertip Field, Wyoming USA, and has initiated permitting of these recompletions with the regulatory agencies.
Highlights
• Eight additional wells identified for shallow gas recompletions
• Recompletions scheduled for Q4 2017 to take advantage of higher winter gas prices
• Payout expected to be less than six months
Seven recompletions will target the Meeteetse formation at 2,500 feet (~760 meters) and one recompletion will target the Lance formation at 2,100 feet (~640 meters) below surface.
The recompletions will be performed in existing wellbores within the Silvertip Field. Incremental expects that the cost of each recompletion will be approximately US$35,000.
The recompletions are scheduled to be carried out in Q4 2017 so that gas production will coincide with seasonally higher winter gas prices.
Incremental expects that these recompletions will perform as well as or better than the recompletions performed in 2016. The 2016 recompletions had a 30-day average IP of 245 MCFD.