Statesman's First Appraisal Well in Kansas Producing at 389 mcf/day; Field Development Planned

• Published in: Marketwire
• Format: Trade Publication Article
• Language: English
• Published: Toronto Intrado Digital Media Canada Inc 03.11.2009

Two More Appraisal Wells. Statesman plans to drill two more appraisal wells before year-end - one that is similarly situated to the Eberhardt #1-24 well which will target the multiple zones in the Granite/Granite Wash (between approximate elevations of 3600 feet and 3540 feet), Lansing-Kansas City and Chase formations. The other well is to further appraise just the Chase formation group. Subject to positive evaluations from these two wells and from the production testing of the [Eberhardt] well, Statesman will be implementing a development plan encompassing 20 to 40 new wells that will in-fill and extend the Reichel Gas Field. Prior to drilling the Eberhardt #1-24 appraisal well, Statesman completed detailed engineering evaluation and geologic mapping of the productive intervals and production histories of producing wells in the Reichel Field. This work showed that even though production in the Field has come from about 12 different zones, numerous other zones remain untested, underdeveloped and in some cases undeveloped in the heart of the Field. In fact, the vast majority of wells in the Reichel Field were completed in just one formation, the Topeka (located about 100 feet above the Lansing-Kansas City), or just in two or three zones in the Lansing-Kansas City formation. This was despite good shows and good porosity indicated by electric logs in multiple other zones. Moreover, although the most prolific of the wells in the Reichel Field were completed and produce from several formations, anomalously such multiple completions were not the norm.