Empyrean Energy: Dempsey Well Continues to Excite with Test Flow Rates from Sacramento Basin, California

Dempsey Testing Update

  • Flow of clean natural gas at 195 mcfpd from Test Zone 3
  • Confirms gas saturated rocks over a 2000+ foot vertical interval
  • More gas zones to be tested shortly prior to field production zone testing 
  • Potential to combine gas from all flow zones to deliver cash flow
  • Multiple options to increase Dempsey's production and develop the broader field 

Empyrean Energy (EME: AIM), the oil and gas development company with interests in China, Indonesia and the United States, is pleased to announce that it has been informed by Sacgasco Limited (ASX: SGC) (“Sacgasco”), the operator of the Dempsey 1-15 well in the Sacramento Basin, onshore California, that the testing of Zone 3 in the Dempsey 1-15 well has resulted in a further flow of clean natural gas with the quality of the gas samples consistent with other zones. Zone 3 perforations flowed gas at 195 mcfpd on 16/64” choke with a FTP of 118 psi and no water. The well is currently shut-in to enable short-term pressure build up measurements. 

The operator will now test a shallower gas filled reservoir zone (Zone 4) while maintaining access to the two deeper producing intervals (Zones 2 and 3), with the option to perforate and flow test gas filled reservoirs at the field production level. 

The operator plans a dual completion to produce natural gas from the yet to be tested Zone 4, and previously tested Zones 2 and 3.  Likely commercial gas flows from field production zones can also be tested shortly and may be produced along with gas from Zones 2 to 4. Aggregated gas flows from all of these zones can generate cash flow from the Dempsey well very quickly given the well is already tied into the production system.

Production data collected assists the Joint Venture in designing a forward development programme for the well and Dempsey Field to enhance overall production. There is considerable optionality to extract value from the Field, including fracture stimulation.

Empyrean CEO Tom Kelly commented, “Our Dempsey well continues to excite from a technical perspective and with surface production facilities owned by the JV in very close proximity to the well we remain confident that we can capitalise economically on any gas put into longer term production.”

Visit source site

Empyrean EnergyDempsey Gas WellDempsey WellgasCaliforniaUnited States2017 Oil industry PredictionsSacramento BasinTest Flow Rates

More items from oilvoice

Over $9.9bn in Capex Will be Spent by Qatar-Focused Operators on Gas Projects to 2021, Says GlobalData

Over $9.9bn in capital expenditure (capex) will be spent by Qatar-focused operators on gas projects between 2018 and 2021 to ensure that country's production will remain around 18.1 billion cubic feet per day (bcfd) in 2021, according to GlobalData , a leading data and analytics company. Qatar ...

OilVoice Press - OilVoice

Posted 5 hours agoOpinion > QATARgasGlobalData +3

Uganda Government selects Consortium comprising YAATRA, BHGE, LionWorks, and Saipem to develop, finance, construct and operate a greenfield Oil Refinery in Hoima District, Uganda

When executed, this will help develop the industry infrastructure and provide livelihood for the Ugandan people and, by extension, other East African countries KAMPALA, Uganda, April 25, 2018/ -- Following the favourable evaluation of its private sector-led offer by the Uganda Governme ...

OilVoice Press - OilVoice

Posted 5 hours agoPress > UgandagovernmentYAATRA +11

Federal Financial Interventions and Subsidies in U.S. Energy Markets Declined Since 2013

Source: U.S. Energy Information Administration, Direct Federal Financial Interventions and Subsidies in Energy in Fiscal Year 2016 EIA has updated its report on federal financial interventions and subsidies in energy markets , covering the 2016 U.S. government fiscal year (FY). Subsidies ...

OilVoice Press - OilVoice

Posted 5 hours agoOpinion > USUnited StatesEnergy +4

Subsea 7 Re-Affirms its Proposal to Acquire McDermott

Subsea 7 S.A. today announced a re-affirmation of its interest in acquiring McDermott International, Inc. (“McDermott,” NYSE: MDR). Subsea 7's proposal is subject to the termination of McDermott's pending transaction with CB&I (NYSE: CBI).  Subsea 7 is open to considering amending its proposal if ...

OilVoice Press - OilVoice

Posted 5 hours agoPress > NYSESubsea 7McDermott +2

Hess Reports Estimated Results for the First Quarter of 2018

Key Highlights: Increased our share repurchase program by $1.0 billion to a total of $1.5 billion, which is expected to be completed by year-end; repurchased approximately 8 million common shares for $380 million in the first quarter, completing the initial $500 million program Commenced ...

OilVoice Press - OilVoice

Posted 9 hours agoPress > Hess CorporationResultsQ1 +4
All posts from oilvoice