The well has now been tied into production facilities, under an agreement with US-based Anadarko Petroleum Corporation to sell gas through its existing infrastructure.
“This is the second successful well drilled and tested at Helper,” Marion chief executive Jeffrey Clarke said, referring to the prior KRR-1 well, which flowed at 1.3 million cubic feet of gas on test.
“The significance of the successful completion of this well [KRR-2] is that it further confirms not only the northern extension of the Drunkards Wash Field – and a significant natural gas reserve in place – but with this well flowing at nearly four times the average for wells in the area, our Helper Project’s returns may significantly exceed those in other parts of the Drunkards Wash complex.”
Clarke added that completion and testing operations were also about to start on the recently drilled Cordingly Canyon 15-1, 15-2 and Ball Park Canyon-1 wells, which encountered strong gas shows.
The Helper project comprises about 5000 acres along the northern edge of the Helper Field, which is part of the substantial Drunkards Wash complex – the largest producing gas field in Utah. Since 1997, wells in the Helper Field have achieved an average production rate of 304,000 cfd, Marion said.
Partners in KRR-1 and 2, Cordingly Canyon 15-1 and Ball Park Canyon-1 are Marion Energy (63.75%), Odyssey Energy (15%), Pegasi Energy (10.625%) and private interests (10.625%).
Working interests in the Cordingly Canyon 15-2 are Marion Energy (47.8125%), Odyssey Energy (11.25%), Stone Energy (25%), Pegasi Energy (7.96875%) and private interests (7.96875%).
