DRILLING

Tomahawk keeps swinging in U.S.

TOMAHAWK Energy has maintained its strong momentum in its five-well Oklahoma drilling project wit...

The logs have indicated 89 feet of gross hydrocarbons over seven formations in the secondary objectives.

The first two wells – Snell Heirs 6-13 and Snell Heirs 7-13 – are producing gas while continuing to clean out frac material. The fourth well – Snell Heirs 2-19 – has been spudded and is expected to reach its proposed total depth of 4100 feet in the next five to eight days. The fifth well is scheduled to be completed this calendar year.

Tomahawk shares have surged on these results.

The company is aiming to become a significant player in US gas exploration and production, said chairman Tony Brennan.

Tomahawk intends to develop a significant portfolio of producing oil and gas wells that were inexpensive to complete by industry standards, had short payback periods and generated substantial revenue, Brennan said.

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry