Worthington Energy Inc. (OTC BB: WGAS) reports the results of the four-point test on the company's I-1 well in the GoM. The four-point test, which is required by the Railroad Commission of Texas, measures the deliverability of a well as defined by the well's capacity to produce, and is used by the RRC to allocate production quotas.
"We brought the I-1 Well on line in order to complete the four-point test. The well was opened on a 7-in choke and was allowed to stabilize for three hours," stated Worthington Energy’s president and CEO, Tony Mason. "We flowed the well on both a 6-in choke and a 7-in choke, and the extrapolated oil rate flow ranged between approximately 200 to 400 BOE/d."
“In order to enable steady oil and gas production to take place, the 6-in choke will be our initial production choke once we get the pipeline charged. The oil produced was 38.3 API. Based on these results, the I-1 will probably end up being classified as an oil well and not a gas/condensate well," he continued.
"The pipeline pressure was up to 80 psi but we still need to be at least 300 to 400 psi in order to begin 24-hour production. We are currently pressuring up the line and should be fully charged in the next few days," concluded Mason.
Recommended Reading
Hess Midstream Announces 10 Million Share Secondary Offering
2024-02-07 - Global Infrastructure Partners, a Hess Midstream affiliate, will act as the selling shareholder and Hess Midstream will not receive proceeds from the public offering of shares.
EQT CEO: Biden's LNG Pause Mirrors Midstream ‘Playbook’ of Delay, Doubt
2024-02-06 - At a Congressional hearing, EQT CEO Toby Rice blasted the Biden administration and said the same tactics used to stifle pipeline construction—by introducing delays and uncertainty—appear to be behind President Joe Biden’s pause on LNG terminal permitting.
TC Energy’s Keystone Back Online After Temporary Service Halt
2024-03-10 - As Canada’s pipeline network runs full, producers are anxious for the Trans Mountain Expansion to come online.
Enbridge Announces $500MM Investment in Gulf Coast Facilities
2024-03-06 - Enbridge’s 2024 budget will go primarily towards crude export and storage, advancing plans that see continued growth in power generated by natural gas.
Plains All American Names Michelle Podavin Midstream Canada President
2024-03-05 - Michelle Podavin, who currently serves as senior vice president of NGL commercial assets for Plains Midstream Canada, will become president of the business unit in June.