Burleson Energy (ASX: BUR) has connected first horizontal development well at the Heintschel gas condensate field, Texas, to the gas sales line and expects it to be highly productive.
This is contingent on remediating the relatively high water production and the company is currently testing each of the Truchard-2H well’s six fracture stimulation slots for water flow rates to identify which slots are contributing disproportionately to overall water production.
A frac slot identified as producing unusually high water levels can be plugged to eliminate production from that frac.
The process of collecting and analysing water flow data is expected to take about three weeks.
Should this succeed in reducing or eliminating the disproportionate water production, it would enable Burleson to formulate a long-term strategy of developing the large, Heintschel gas condensate field through additional horizontal wells.
Truchard-2H had flowed gas at rates of up to 3 million cubic feet per day along with associated condensates.
Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.