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Northcote Energy and Red Rock to rework well at Shoats Creek

Northcote has a 20% working stake (14.4% net revenue interest) in the well in Louisiana, which is targeting the Frio formation.

Picture of Shoats Creek in Louisiana
Other nearby wells in Shoats Creek suggest low geologic risk, Northcote believes

Northcote Energy (LON:NCT) and its partners plan to undertake a re-entry and recompletion of the Lutcher Moore#19 well at Shoats Creek after well logs indicated 10 feet of net pay.

Northcote has a 20% working stake (14.4% net revenue interest) in the well in Louisiana, which is targeting the Frio formation.

Other nearby wells in Shoats Creek suggest low geologic risk to this project, it said.

A successful recompletion will potentially add several drilling locations to the inventory of viable Frio drilling locations at the Shoats Creek Field.

Preparatory work to drill Lutcher Moore#21 as an offset to the Lutcher Moore#8 is also underway though this is behind schedule with an original spud date of 16 May.

LM#21 will be located to the northwest of the LM#8 to position it structurally higher in the formation.

Northcote added the Lutcher Moore#8, #12, #16 and #17 wells have been plugged and abandoned. 

Randall J Connally, managing director,  said: “The LM#19 recompletion is a low cost and low risk attempt to exploit the established Frio pay.”

Red Rock Resources (LON:RRR) is also interested in the Shoats Creek acreage and said the cost of the LM#19 work would be US$40,000, or approximately $8,000 to Red Rock. 

Red Rock will have a 20% working interest and a 14.4% net revenue interest.

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