Epsilon Energy Discovers Oil and Gas Zones in West Virginia
Posted on: Thursday, 10 January 2008, 09:00 CST
Epsilon Energy has provided an update on two significant events pertaining to its ongoing drilling program on the Blue Jacket Project in Cabell County, West Virginia, reporting the discovery of an oil zone and a gas zone. The company has a 63% working interest in the Blue Jacket project, which is operated by Hard Rock Exploration.
The Hard Rock 216 well encountered a fractured oil zone while drilling a horizontal lateral. During testing, the well has cumulatively produced over 1,400 barrels of oil and is being flowed daily on an intermittent basis at rates of up to 40 barrels per hour. The company said that limited on-site oil storage capacity has restricted the production test.
The Hard Rock 219 well has encountered natural gas shows in excess of a calculated daily production rate of two million cubic feet per day of natural gas while drilling. The well is expected to be completed and tested within the next several weeks. The company said that natural gas flows at the rate encountered during the drilling of this well are not a normal occurrence in this general area and may or may not prove to be significant. It will take numerous months of recorded production and wellhead pressure data before the true recovery potential is known from this discovery, the company added.
Source: Datamonitor
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