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The Markets
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Energy

Golden State Resources completes production casing at PB #3

US focussed oil and gas company Golden State Resources (ASX: GDN) has completed production casing activities in Paradox Basin #3 in Golden Eagle field in Utah.

The operation was completed over the weekend, approximately 4 days behind schedule due to operational delays.

The well is currently producing at a controlled flow rate limited to approximately 600,000 cubic feet of gas per day via a 34/64” choke while recovering fracture fluids.

Since the fracture stimulation a total of 1315 barrels of fluid has been recovered. A total of the 1565 barrels was used in the fracture stimulation.

The forward plan is to continue to clean-up and monitor the well in line with standard post-fracture procedures.

A production test and build-up will be conducted on completion of the clean-up operations at which at which stage the flow rates will be determined.

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