Empire Petroleum Corp. announced its new well spud at its North Dakota Starbuck Field. (Source: Shutterstock)
Empire Petroleum Corp. announced the commencement of its 2023 drilling program with the company’s new well spud at its North Dakota Starbuck Field, according to an Oct. 11 news release.
The Starbuck drilling program plans to include 10-14 drilling wells, average lateral length per well of approximately 2,300 ft in Phase 1 and 5,900 ft in Phase 2, according to the company. Additional specifics include average capital spend per well of $1.6 million- $1.8 million, bringing total spending to roughly $20 million- $22 million.
The company stated that its capital development programs in 2023 and 2024 are designed to maintain cost-effective production growth with a strong return rate.
“Starbuck surface facilities are nearing completion and ready to bring additional production online in 2023 Q4,” Mike Morrisett, president and CEO of Empire said in the release. “Our drilling and development programs are well-designed and focused on our highest potential rate-of-return assets as we focus on growing our core oil assets through enhanced oil & gas recovery methods to materially improve performance.”
Empire is expected to start the first phase of its drilling program on its New Mexico asset in 2024.
Recommended Reading
Pioneer Energy’s Tech Offers More Pad Throughput, Fewer Emissions
2025-01-14 - Pioneer Energy’s Emission Control Treater technology reduces emissions and can boost a well’s crude yield by 5% to10%, executives say.
Small Steps: The Continuous Journey of Drilling Automation
2024-12-26 - Incremental improvements in drilling technology lead to significant advancements.
From Days to Minutes: AI’s Potential to Transform Energy Sector
2024-11-22 - Despite concerns many might have, AI looks to be the next great tool for the energy industry, experts say.
Microseismic Tech Breaks New Ground in CO2 Storage
2025-01-02 - Microseismic technology has proved its value in unconventional wells, and new applications could enable monitoring of sequestered CO2 and facilitate geothermal energy extraction.
ZENRG Capitalizing on New Investments, Tech to Reduce Emissions
2025-01-07 - ZENRG Services recently secured funding from Chevron, BP Energy Partners and EIC Rose Rock to support its expansion of compression technology that keeps methane from being vented or flared.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.