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%.
The 24th edition of the World Energy Congress shined the lights on critical issues facing the energy sector, and key requirements to unlock potential and abundant opportunities.
The all-equity deal follows an already blockbuster year for Viper Energy Partners including the $700 million dropdown acquisition the company announced in July.
Technology could help unlock more barrels from shale plays, as it has in the past, but comfort levels pose challenges amid tough market conditions.