DRILLING

Neon backs up the numbers at Paloma

NEON Energy has backed up its recent contingent resource estimate at Paloma Deep in California with news that a second well has confirmed an extension of hydrocarbon-bearing zones encountered at Paloma Deep-1 – and that's not the only bit of good news.

James McGrath

Paloma Deep-2 was drilled down to 13,931 feet, and a detailed analysis of wireline and core data is underway with an eye toward holding a production test within the next few weeks. The program is expected...

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