media news on upstream

Just found this, sorry if its been posted. Last paragraph very interesting.


Australia-listed Titan Energy has flowed both oil and gas from a recent discovery made at its Allen Dome oilfield in Texas.



The JT Reese-S2 well hit hydrocarbons across multiple zones while drilling last month and, on Monday, Titan said the well achieved a maximum flow of about 331 barrels of oil per day on a 0.28-inch choke during a flow test over the weekend.

It added that the choke was subsequently adjusted to restrict the flow rate to 250 bpd as part of the well management programme.

The well also flowed gas at an average rate of about 196,000 cubic feet per day which but this was flared off. However, Titan said it was in early discussions on potential opportunities to commercialise the gas, noting a gas pipeline crossed near the Allen Dome field.

“JT Reese-S2 is producing as per our forecast, with only 17 feet of the 68 foot sand being perforated. The oil flow has increased strongly since the initial production,” Titan chairman Darren Levy said.

“We are confident we can have repeat drilling successes across our growing Allen Dome holdings and we are continuing to build an inventory of leads and targets both in the Southern flank and our newly acquired Eastern flank.”



Titan also announced on Monday that it had increased its land holdings in the Kinmundy prospect area in Illinois from 441 acres to 594.5 acres.

It added that it was currently assessing the potential to commence drilling at Kinmundy later this year.

The Ritter-20-1 exploration well has already been permitted and is expected to target the Carpa sand on the Ritta lease.








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