Parex Resources is abandoning its 100%-owned Chirimoya exploration well in Colombia. (Source: Shutterstock)
With testing completed, Parex Resources Inc. announced its abandonment of its 100%-owned Chirimoya exploration well at VIM-431 in Colombia.
As previously announced, Parex reached the Chirimoya exploration wells’ target depth of approximately 17,500 ft. Following open hole evaluation and logging operations, the decision was made to case and test the well. All three prospective zones were evaluated and confirmed that the potential reservoirs had no economic hydrocarbons.
The Chirimoya exploration well was the first prospect in a three well, high-impact exploration program conducted this year. The Northern Llanos Arauca-8 well at Arauca and the Llanos Foothills Arantes-1 well at LLA-122 are expected to be spud in fourth quarter 2023. Parex has a 50% working interest in both wells.
Headquartered in Calgary, Canada, Parex is the largest independent oil and gas company in Colombia and operates out of an office in Bogotá, Colombia. The company will release its second quarter results for 2023 as well as provide an operational update post-market on Aug. 2.
Recommended Reading
Baytex Energy Joins Eagle Ford Shale’s Refrac Rally
2024-07-28 - Canadian operator Baytex Energy joins a growing number of E&Ps touting refrac projects in the Eagle Ford Shale.
Devon Capitalizing on Bakken, Eagle Ford Refracs
2024-08-07 - Devon Energy’s Delaware Basin production dominated the quarter for the multi-basin E&P, but the company is tapping into recompletion opportunities to supplement production, executives said.
EOG Resources Wildcatting Pearsall in Western Eagle Ford Stepout
2024-07-17 - EOG Resources spud the well June 25 in Burns Ranch with rights to the Pearsall well about 4,000 ft below the Eagle Ford, according to myriad sources.
Crackin’ It at Kraken: Inside the Bakken’s Ramped-up Private E&P
2024-07-24 - Kayne Anderson-backed Kraken Resources is producing more than 80,000 boe/d today and has a new Fitch Ratings credit score to take to the M&A bank.
Industry Consolidation Reshapes List of Top 100 Private Producers in the Lower 48
2024-06-24 - Public-private M&A brings new players to top slots in private operators list.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.