Empyrean Energy, a US onshore oil, gas and condensate exploration, development and production company, announced its participation in two new wells in the Eagle Ford Shale, Texas. This participation is a part of its interest in 'Sugarloaf Block A' operated by Burlington Resources Oil & Gas Company, a subsidiary of ConocoPhillips. This recommences the activity in Block A, which is adjacent to the company's flagship Sugarloaf AMI.
The Baker Trust-4 well, in which Empyrean has an approximate 2.45% working interest, reached an approximate measured depth of 17,948 feet with a lateral length of approximately 5,000 feet in August 2013. This well is currently awaiting completion.
The Marlene Olson-3 well, in which Empyrean has an approximate 0.85% working interest, will be drilled to an approximate measured depth of 20,700 feet with a lateral length of approximately 7,700 feet at an estimated net drilling cost of USD 100,000 (excluding completion and connection costs) to Empyrean. The drilling is scheduled to commence in the second half of September 2013.
Both wells are to be completed in the Eagle Ford Shale and are being drilled from the same pad along with a third well that is being completed in acreage that Empyrean has no interest in.