Odyssey told the Australian Stock Exchange yesterday that Marion, as operator, drilled McAlexander-1 as an inclined development well, which intersected both the Brown Dolomite and Granite Wash reservoirs with a gross thickness of 120 feet (36.6m).
The well is scheduled to be completed, fracture stimulated and tested over the next few weeks, after which Odyssey hopes it will be connected to nearby gas gathering lines and associated production infrastructure where negotiations are currently underway.
The joint venture, in which Odyssey and Marion each hold a 33.3% interest, is also negotiating access to the rights to numerous adjacent shut-in wells, with a view to re-complete these wells in conjunction with the McAlexander-1 test.
Holding the remaining third stake in the Jester-Bloomington project is a company that Marion describes only as an “experienced Oklahoma-based oil and gas contractor”.
The JV plans to redevelop the field by infill drilling in known oil and gas areas. Modern drilling and completion methods will be adopted, including horizontal drilling, which has recently been successfully applied to other projects in the region.
Discovered in 1959, Jester-Bloomington is an established field, which has to date produced 7.9 billion cubic feet of gas. However, the field has been shut-in since 1998 due to low gas prices and operator-related issues.
North Helper Gas Project
Meanwhile, Odyssey has updated its activities at the North Helper Gas Project in Utah, where it is also partnered with Marion.
The company said the accelerated drilling program was now expected to continue into the first quarter of next year, following the drilling of three wells Cordingly Canyon 15-5, CC 10-1 and CC11-1.
All six Ferron wells drilled to date at the project have now been completed, tied into infrastructure and are cycling through clean-up and de-watering operations with associated gas sales.
At the same time, operator Marion is completing the Cordingly Canyon 15-5 and directional Cordingly Canyon 10-1 wells as sole Mancos Shale producers, which Odyssey said would provide “key insights” into the viability of this large secondary play in the project area.
