GAS

Aussies high on Texan gas

PERTH based juniors Gawler Resources and Entek Energy expect to receive first cash in the next fe...

Gawler said its High Island A-268 field was producing 15.5 million cubic feet of gas per day (MMcf/d) and 264 barrels of condensate per day from Well A-1 and Well A-2.

The A-1 well continued to produce about 9.0 MMcf/d, with condensate production increasing from about 220 to 250bpd as the well continued to clean up. The well remained on the same choke size (16/64-inch), with no formation water being produced.

Gawler also said the A-2 well also continued to clean up, with gas sales from the lower reservoir zone.

On the choke setting (13/64-inch) the well had achieved a stabilised production rate of about 6.5MMcf/d and 14bpd. The well was also producing about 65 barrels of completion fluids per day, which was expected to decline over the coming days.

The company said it anticipated first cash receipts from the wells’ production in November.

Gawler holds a 30% working interest in the High Island field that is subject to a 5.4% “back-in” following the recovery of Gawler’s initial investment through production sales.

Meanwhile, Entek Energy said this week it expects production at two of its High Island blocks to begin this month.

The company holds a 5 percent working interest in four 720-acre blocks in the High Island region.

Well 1 on High Island Block 24-L (S/2 SW/4) was spudded on July 30 last year and produced a test-flow rate of 47.5 million cubic feet a day, and Well 1 on High Island Block 24-L (N/2 SW/4) was spudded on January 6 this year and produced a test-flow rate of 50.5MMcfd.

These two finds are likely to be worth about $A23 million to Entek, the company said.

High Island is an elevated peninsula on the mainland on the eastern side of Galveston Bay, just inland from the Gulf of Mexico. Its elevation is due to the large salt dome under the area.

The shallow waters around the peninsula hold numerous oil and gas leases.

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

Energy News Bulletin Future of Energy Report 2024

With the global energy market in constant development, this report captures the sentiment of key industry players on the future of energy in Australia – and how it has changed through 2024.

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.