GGE 0.00% 0.6¢ grand gulf energy limited

leduc reef, page-32

  1. 1,593 Posts.
    lightbulb Created with Sketch. 6
    Guys,Some more stuff I have found:

    SWN have 3 wells, 1&2 have drilled 3 is still going. This article has some additional info
    http://smackoverbrowndense.com/companies.html

    http://www.arkansasbusiness.com/printable.aspx?aid=131447

    Southwestern Energy Co. of Houston went on a leasing spree in the Brown Dense a couple years ago, spending some $195 million to lease mineral rights on 520,000 acres across the formation. It's completed one test well so far and has a permit for a second.

    Cabot Oil & Gas Corp. of Houston holds 13,600 acres in the play. It has reported some results from its test well, but the drilling is not yet completed. Weiser-Brown Operating Co. of Magnolia also has a well.

    Each well drilled deep into the formation costs between $3 million and $5 million, according to Ed Ratchford, senior petroleum geologist at the Arkansas Geological Survey.

    "By the numbers I had heard, Southwestern needs 400 barrels a day to make [its well] feasible," said Columbia County Judge Larry Atkinson.

 
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