The #1-29 Patricia discovery by Cimarex
Energy Co., Denver, flowed a combined
5.6 million cu. ft. of gas a day from two
Pennsylvanian zones in Section 29-11n-
19w, about two miles southeast of Canute
in Washita County, Okla. The 16,145-ft.
well tested for 1.28 million cu. ft. of gas
and 10 bbl. of water a day from Atoka
from 15,820 to 15,931 ft., 225,000 cu. ft.
of gas and one bbl. of water from Atoka
from 14,930-48 ft. and 4.05 million cu. ft.
of gas a day with no water from Des
Moines from 14,314-36 ft.
Cimarex tested all three zones on an
8/64-in. choke with 7,350 psi, 1,300 psi
and 800 psi of flowing tubing pressure,
respectively. The company received state
permission to commingle production.
Existing production from Des Moines and
Granite Wash is about a mile north on the
southeastern flank of Canute North Field;
the nearest production from Atoka is two
miles north.
Recommended Reading
The One Where EOG’s Stock Tanked
2024-02-23 - A rare earnings miss pushed the wildcatter’s stock down as much as 6%, while larger and smaller peers’ share prices were mostly unchanged. One analyst asked if EOG is like Narcissus.
Hess Corp. Boosts Bakken Output, Drilling Ahead of Chevron Merger
2024-01-31 - Hess Corp. increased its drilling activity and output from the Bakken play of North Dakota during the fourth quarter, the E&P reported in its latest earnings.
Canadian Natural Resources Boosting Production in Oil Sands
2024-03-04 - Canadian Natural Resources will increase its quarterly dividend following record production volumes in the quarter.
Marathon Chasing 20%+ IRRs with Los Angeles, Galveston Refinery Upgrades
2024-02-01 - Marathon Petroleum Corp. is pursuing improvements at its Los Angeles refinery and a hydrotreater project at its Galveston Bay refinery that are each boasting internal rate returns (IRRs) of 20% or more.
Enbridge Advances Expansion of Permian’s Gray Oak Pipeline
2024-02-13 - In its fourth-quarter earnings call, Enbridge also said the Mainline pipeline system tolling agreement is awaiting regulatory approval from a Canadian regulatory agency.