The Miloslaw-4k well in Poland flowed gas with no observable water, FX Energy said in a news release about the completion of drilling, coring, logging and testing of the well.
Gas flowed at a rate of 4.32 MMcf/d on a 16/64-in. choke from a 41.3 meter interval in the Rotliegend sandstone. True vertical depth of the producing zone is from 3,632.9 m to 3,674.2 m, the longest producing interval of any of the company’s wells in Poland, FX Energy said in the release. The well is being completed and is expected to begin producing in 2016-2017.
The well tested a Rotliegend sandstone target located in the Fences license about 15 km northwest of the producing wells at Lisewo-1 and 2. The Miloslaw prospect is one of the largest conventional prospects FX Energy has drilled in Poland, the company said. The Polish Oil and Gas Co. is the operator and owns 51% of the working interest, while FX Energy owns 49%.
Trump said April 2 he had brokered a deal between Russia and Saudia Arabia, but made no offer to reduce U.S. output, and benchmark Brent oil futures surged 21% in a record one-day rise. Here are analysts’ views on the deal.
Saudi Arabia is taking unprecedented action in delaying the release of its international crude selling prices by five days, a senior Saudi source familiar with the matter said on April 5, as the kingdom and other major producers seek to halt the free-fall in worldwide crude prices.
U.S. oil companies are expected to reduce oil output temporarily by nearly 2 million barrels per day (MMbbl/d) as lower crude prices force companies to cut back operations, the U.S. Energy Department said on April 7.