Logs and cores both show very good porosity.
The Gapowo B-1 well is believed to be the longest horizontally drilled well in Poland.
The European Union’s biggest eastern economy, the region’s largest holder of shale gas, has sought to revive exploration after foreign investors including Marathon Oil Corp. and Talisman Energy Inc. withdrew amid regulatory constraints and plans to increase taxation in Poland.
About 30 reservoirs will be drilled, up from 14 in 2013, thanks to improved techniques and regulations, Dennis McKee, founder and CEO of United Oilfield Services Sp. z o.o., said in an interview in Warsaw.
The Szymanowice-1 well will be completed and tested at the end of the first quarter and is scheduled to begin commercial production early in 2015.
The company and BNK Petroleum Inc. have agreed to acquire the interests of the other two Saponis shareholders on a pro-rata basis.
The planned fund would become a shareholder in domestic shale gas licenses to be sold under new regulations.
The company's fifth Caney well, the Barnes 7-2H, was successfully fracture stimulated in 85% of the lateral and, while early in the flowback phase, has averaged approximately 520 barrels a day of oil and 230 barrels of oil equivalent per day (BOEPD) of natural gas and natural gas liquids (NGLs) over the last four days.
The ministry’s proposals last year for a state-run fund to participate in exploration ventures raised objections among investors searching for the fuel as well as other cabinet members.
Concerns about the environment are among the key reasons holding back the development of the shale gas industry in Europe, where some countries have moratoriums on drilling.