(MENAFN- ProactiveInvestors - Australia) Red Fork Energy (ASX: RFE) has made progress at two new Development Areas in Noble and Payne Counties, Oklahoma, that have the potential to hold an initial 100 wells.
At Development Area 3, the company has drilled its first well Mawson 1-3H to a target depth of 9,581 feet and is carrying out logging operations.
Oil and gas shows were observed throughout the lateral section in this well.
Development Area 3 has the potential for an initial 30 horizontal wells.
In Development Area 4, which could hold an initial 70 wells, Red Fork is waiting on the Unit Rig 303 to complete rigging up to drill three wells.
These include the EastOK-Holland 1-21 SWD water injection well and two horizontal Mississippi wells.
The company is also constructing permanent production facilities as well as gas and water gathering pipelines at the two areas to facilitate an efficient transition to sales.
In Development Area 2, Red Fork is continuing production testing on the Tasman 1-15H well, which has produced at an average rate of 181 barrels of oil equivalent (boe) per day in the last seven days.
Production is still rising with just over 2,000 feet of fluid over the pump and only 60% of load water recovered.
Reservoir stimulation has been completed at the Bunch 1-19H well while operations are underway at the McMurtry 1-22H well.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.