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Empyrean Energy confirms Marathon plans at Sugarloaf

Last updated: 13:21 26 Feb 2013 GMT, First published: 14:21 26 Feb 2013 GMT

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Empyrean Energy (LON:EME) has been informed by operator Marathon that it intends to drill 28 wells this year on its Sugarloaf project, instead of 65 indicated previously.

The AIM-listed group had already flagged that Marathon was intending to reduce its 2013 activity at Sugarloaf, located in Texas, though the final drill programme still remains under discussion and may change further, Empyrean said today.

Empyrean has minority interests in 69 producing wells at the Sugarloaf project within the Eagle Ford shale play in Texas. 

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