Newly listed Orchard Petroleum has encountered the second dry hole of its US drilling program after finding no indications of hydrocarbons.
Paloma 1-5 was drilled to a total depth of 10,460 feet and electric logs were run with no hydrocarbons being encountered.
After plugging and abandoning the well Orchard will now move to the exploration wells at Ming and Rio Bravo. One of these wells is expected to commence drilling by late September or early October. They will be followed by the high impact Santiago exploration well.
ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive
ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.
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.
This industry-wide report aims to understand current cost levels across the energy industry
Copyright © 2000-2024 Aspermont Ltd. All rights reserved. Aspermont Limited (ABN 66 000 375 048), PO Box 78, Leederville, Western Australia 6902
