Exploration & Production - News
The deal includes membership interests in AleAnna Energy, which in turn owns interest in AleAnna Resources which holds 11 licenses in the Po Valley and Brando basins.
The package includes production of 13.6 MMcfe/d from Cypress Eagle and Brushy Creek fields.
Production casing has been set, and the operator is preparing the well for fracture stimulation.
The recent Balnaves-3 appraisal well test-flowed 9,076 barrels of oil and 13 million cubic feet of gas from a 16-foot perforated section, confirming good reservoir deliverability.
The lawsuit claims that SEPCO's drilling operations in Lenox Township, Pennsylvania, contaminated nearby water wells.
Ravinnoe Oil has interest in the Ravninnoe contract area in Atyrau Oblast of West Kazakhstan, covering 121 square kilometers.
The property covers 45,000 gross acres in Bourbon County in the Cherokee Basin.
Net production from the properties averaged 1,138 BO/d and 900,000 Cf/d during 1H 2010.
The company intends to drill vertically through the Eagle Ford and log key formations including the San Miguel sands, the Austin Chalk and the Eagle Ford shale.
The company's vertical Utica shale well flowed 1.5 MMcf in a 24-hour period.