leadf
logo-loader
viewEmpyrean Energy PLC
(
AIM:EME
)

Empyrean Energy says Quinn 3H reaches total depth, completion preparations begin

northamerica350_4b010d2ed3e2e

Empyrean Energy (AIM: EME) reported further progress on the highly anticipated Quinn 3H well, which has already been the subject of intense speculation amongst investors after the company reported encouraging results from the well recently. 


Quinn 3H, which is operated by Krescent Energy as is located on the Riverbend Project, onshore Texas, has now reached total depth of 16,641 feet.  Empyrean is earning a 10% working interest in the Riverbend Project.


The 5000 feet horizontal section of the well has also ceased drilling, after it was decided by the partners that the well had already encountered enough fractures in the target zone to commence testing.  “The number of fractures and gas pressures encountered generally compares favourably with successful longer horizontal wells drilled by operators to the north of the Riverbend Project area,” Empyrean stated.


Quinn 3H has already been connected to a sales pipeline to allow any gas produced during the completion phase to be sold.


Commenting today, Empyrean Director Tom Kelly said "Empyrean is excited to be commencing preparations to test the first well on the Riverbend Project. This project has an estimated recoverable hydrocarbon potential of 800 billion cubic feet gas equivalent. It will be interesting to see how the Quinn 3H well responds during the testing phase with a relatively short horizontal section."   

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Empyrean Energy PLC named herein, including the promotion by the Company of Empyrean Energy PLC in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Empyrean Energy maps out path to spudding of 'world-class' Jade prospect

Empyrean Energy PLC (AIM:EME, FRA:E1E)'s (LON:EME) Gaz Bisht updates Proactive's Andrew Scott on planning towards the upcoming drilling of its Jade prospect, offshore China. He says their current priority is to identify and negotiate a suitable rig as well as secure the necessary permits. The...

on 11/8/21

2 min read