Second Oil Discovery By Reabold Resources In Monterey County, Calif.
Drilling Activity Details
Monterey
CA
United States
Drilling Activity Summary
Description
Reabold Resources Plc reported a second oil discovery in California’s Monroe Swell Field in Section 19-19s-7e in Monterey County, Calif. The #2B Burnett was drilled to 2,933 ft (2,850 ft true vertical) and hit the targeted Burnett and Lower Burnett sands. According to the company, significant oil and gas shows were seen within these formations and wireline logging has confirmed an estimated pay of 295 ft. A production test is planned for this well and the original discovery, #2A Burnett. London-based Reabold owns a 50% working interest in the well along with partner Sunset Exploration Inc.
Reabold Resources Plc reported a second oil discovery in California’s Monroe Swell Field in Section 19-19s-7e in Monterey County, Calif. The #2B Burnett was drilled to 2,933 ft (2,850 ft true vertical) and hit the targeted Burnett and Lower Burnett sands. According to the company, significant oil and gas shows were seen within these formations and wireline logging has confirmed an estimated pay of 295 ft. A production test is planned for this well and the original discovery, #2A Burnett. London-based Reabold owns a 50% working interest in the well along with partner Sunset Exploration Inc.