Burleson Energy said the vertical section of the Truchard #2H horizontal development well in Texas, US has indicated encouraging results, with a hydrocarbon charged reservoir confirmed.
Electric logging identified 36m of hydrocarbon-bearing sands after the well reached its total planned depth of 3,500m.
The lower reservoir unit, the Prairie Bell 1 sand, was found to be thicker and of better quality in this well compared to Burleson’s previous three wells in the Heintschel gas-condensate field, including the adjacent Truchard #1 well that was drilled last month.
Burleson Energy demobilised the rig that drilled the vertical section of the well before bringing in another rig to drill the horizontal section.
The T2H well is estimated to cost $6.3m and is being drilled into the Heintschel gas-condensate field in Colorado County.
Following a recent farmout transaction with Mogal Holdings, Burleson now has a 50% working interest in the T2H well and a 38.83% paying interest in Truchard unit.
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By GlobalDataIndependent analysis by Integrated Petroleum Consultants indicates that production at the well comes to 7 billion cubic feet of liquids-rich gas and 200,000 barrels of condensate over a ten-year period.
