Exoma Energy Limited, Brisbane, (ASX: EXE) has reported that the fourth well of its 2011 exploration campaign, Euston-1, has spudded. The target of this well will be shale gas in the Toolebuc Shale of the Eromanga Basin in Central Queensland.
- Well Name: Euston-1
- Permit: ATP 999P
- Location: Eromanga Basin, approximately 50km northwest of Longreach, Queensland.
- Target: Primary Target: shale gas in the Toolebuc Formation. The carbonaceous Toolebuc Shale will be cored and the well logged. The shale core will be subject to laboratory analysis to identify source maturity, hydrocarbon type and content, detailed mineralogy, rock properties and permeability.
- Planned Depth: 670 meters
Exoma has a 50% beneficial interest in both ATP 999P and the Euston-1 well. CNOOC Galilee Gas Company is earning its participating interest by a farm-in that funds Exoma's share of the cost of drilling this well.
Recommended Reading
Crescent Energy: Bigger Uinta Frac Now Making 60% More Boe
2024-05-08 - Crescent Energy also reported companywide growth in D&C speeds, while well costs have declined 10%.
SLB OneSubsea JV to Kickstart North Sea Development
2024-05-07 - SLB OneSubsea, a joint venture including SLB and Subsea7, have been awarded a contract by OKEA that will develop the Bestla Project offshore Norway.
Chevron, Total’s Anchor Up and (Almost) Running
2024-05-07 - During the Offshore Technology Conference 2024, project managers for Chevron’s Anchor Deepwater Project discussed the progress the project has made on its journey to reach first oil by mid-2024.
Electric Hype vs. Hydraulic Reality: Advantages of Traditional Systems
2024-05-07 - Castrol's new fluid prevents gas hydrates in deepwater control systems.
EOG: Utica Oil Can ‘Compete with the Best Plays in America’
2024-05-06 - Oil per lateral foot in the Utica is as good as top Permian wells, EOG Resources told analysts May 3 as the company is taking the play to three-mile laterals and longer.