Pantheon Resources Discovers Oil and Gas in Louisiana
Pantheon Resources, a hydrocarbon exploration company, has discovered oil and gas at the Jumonville-1 well on the Bullseye prospect in Louisiana, US.
The well initially flowed 520 barrels per day of ight oil, with no water, and 293,000 cubic feet per day of natural gas through a restricted 7/64 inch choke.
The current surface flowing pressure of 7,323 pounds-per-square inch is effectively unchanged from the original measurements. This reprotedly indicates that the corresponding reservoir is capable of much greater deliverability.
The initial perforations and flow rates have been restricted to avoid damage to the reservoir during the testing period. It is probable that the flow rate will be increased once permanent production and distribution facilities are completed.