EXPLORATION

Pacrim bullish on California gas prospect

AFTER a detailed assessment of geological and geophysical information from its Plymire 4-14 well ...

In addition, a deeper Cretaceous zone registered gas over a 45 metre-plus thick zone of inter-bedded sandstones and shales, correlating with a similar occurrence in an historic well nearby in the same stratigraphic interval.

Pacrim expects testing of these zones consecutively from deepest to shallowest to start early in the New Year.

Meanwhile, steady progress was being made in the Red Bluff Ranch 1-16 well, the company said.

Spudded on December 5, the well had reached 1370 metres and was set to reach 1680 metres, the company reported this morning.

Pacrim has a 100% working interest in both of these wells and has more than 50,000 acres under lease in this area of the northern Sacramento Basin.

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