PSA 0.00% 2.1¢ petsec energy limited

deep gas well louisiana

  1. 1,317 Posts.
    According to the US Dept of Energy the average recoverable reserves per deep well in the area in which PSA is drilling is 11.6 Bcf. The variation was from 6 Bcf to 34 Bcf .
    So first PSA well which has intersected two sands, if an average size discovery, could mean an increase of 2 Bcf in reserves fro Petsec.
    The average depth of well was 17,365 feet so you get some idea of why these PSA wells are taking so long to drill. Flow rates can be up to 20 mmcf a well or more
 
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