Global Leader in International Oil and Gas Industry News

posted in:

Big Sky Petroleum to spud initial Wolfberry well on January 15th

Tuesday, Jan 15, 2013

Big Sky Petroleum Corp (TSX VENTURE:BSP) through its Texas subsidiary, BSP Operating, LLC, has completed permitting of the first vertical Wolfberry test in its most recently acquired Midland Basin prospect located in the Southeastern portion of the prolific Permian Basin in west Texas. The Midland Basin Prospect is a contiguous lease block consisting of approximately 2,300 net operated acres. Big Sky holds a 90% interest in this prospect. The Wolfberry Play is named such because of the comingling of production from the Wolfcamp and Spraberry Formations. The overall Wolfberry interval, which is approximately 1,000-feet thick, is an unconventional oil play that also includes a liquids-rich natural gas component. The scheduled spud date for the Schafer No.1 is January 15th and will be drilled to a vertical depth of 7,300 feet. The plan is to log the entire Wolfberry interval and pull a minimum of 35 sidewall cores for evaluation. Upon receipt of the evaluation of the logs and cores, the fracture stimulation design will be engineered and implemented.

Sam Nastat, President, recently stated, "Given the high success rate of Wolfcamp/Wolfberry exploration in the Southern Midland Basin, the management and technical team of Big Sky is confident that Big Sky's positioning within this continually expanding play will enable Big Sky to establish itself as one of the early key players in the expansion of this play."

Source: Marketwire

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other Oil & Gas News

AVEVA provides Integrated Engineering & Design solutions to TOTAL E&P Nigeria Limited 18-04-2014
Oando Energy Resources increases deposit for acquisition of Nigerian Upstream Oil and Gas Business of ConocoPhillips 18-04-2014
Linde will be exclusive hydrogen supplier for the Shell Eco-marathon in Houston 18-04-2014
Technip wins Umbilical contract for Kaombo project in Angola 18-04-2014
Forest Oil announces first quarter 2014 earnings release date and teleconference 18-04-2014
Saipem announces awarded FPSO contracts in Angola worth more than $4 billion 18-04-2014
Endeavour announces settlement of SM Energy litigation 18-04-2014
Drilling and production update 18-04-2014
Shell announces Malaysia deep-water gas discovery 18-04-2014
Meeting between the Ukrainian Minister of Energy, Yuri Prodan, and Eni's CEO Paolo Scaroni 18-04-2014