Vine Energy Inc. said Oct. 26 it had completed the drilling phase of the longest onshore horizontal well in the State of Louisiana.
The CHKMIN 20-29-32HC-01 ALT was recently drilled in Sabine Parish to the Mid-Bossier formation with an estimated lateral of 15,240 ft and total measured depth of 27,520 ft. The well was drilled in 35 days and the drilling phase cost approximately $400 per lateral ft, a Vine record for both drilling time and cost, according to a company release.
The well is scheduled for completion in January.
In a statement commenting on the news, David Elkin, Vine’s executive vice president and COO said: “I want to congratulate the Vine team for what is quite simply a remarkable achievement that complements the numerous, best-in-class milestones we’ve realized since Vine’s inception.”
Vine Energy was established in 2021 following the combination of privately held predecessor companies Vine Oil & Gas, Brix Oil & Gas Holdings and Harvest Royalties, creating the leading, pure-play Haynesville natural gas company.
On Aug. 11, Vine and Chesapeake Energy entered into a definitive agreement whereby Chesapeake will acquire Vine. The transaction is expected to close fourth-quarter 2021.
2022-11-30 - Also in this week’s A&D Minute: Who’s been quietly buying acreage in the Permian Basin? Plus see what else is on new mid-cap powerhouse Permian Resources’ radar.
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2022-09-19 - Cheniere Energy and subsidiaries of Whistler Pipeline will move forward with the construction of a new 43-mile pipeline as part of plans to send more natural gas from the Permian Basin for export as LNG.