Mosman Oil and Gas Limited said the Winters-well in its Polk County, East Texas asset is being completed again to limit the production of water.
The company told investors the re-completion is in the upper few feet of the current Wilcox zone. The zone has demonstrated the potential to produce oil, gas and water but it is believed that the water is coming from the lower part of the perforated zone. Mosman plans to cement-squeeze the lower perforations to limit the water influx. If this is not successful, the well will be re-completed in another zone, the company said.
Zephyr Energy Plc successfully completed itesting of the State 16-2LN-CC well at the Paradox Basin project in Utah, with equipment-constrained rates reaching a peak of 1,083 barrels oil equivalent per day.
A simulated model based on well data indicates potential for the well to yield up to 2,100 boepd, the company added.
Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) completed its US$181mln acquisition of Oklahoma-based Tapstone Energy, adding 12,000 barrels oil equivalent of production across 660 wells.
The deal was executed alongside co-investment partner Oaktree Capital Management which closed its transaction in parallel.
Pantheon Resources PLC (AIM:PANR, OTC:PTHRF) is raising around US$96mln of new funds to tee up the company for a high impact exploration programme in Alaska.
It is raising US$41mln of equity, via an oversubscribed placing, and is issuing US$55mln of convertible bonds.