The well is expected to spud by November 2023 and will be located at 9-18-3-8W3M. (Source: Shutterstock)
Canadian-based helium exploration company Helium Evolution Inc. intends to drill a joint well with its farm-in partner, North American Helium Inc., in accordance with its farm-out agreement announced on Oct. 21, 2022, the company announced in an Oct. 13 news release.
Helium Evolution confirmed participation in the drilling of the second well, Joint Well #2, at its 20% working interest, which will cost the company approximately $400,000 net, according to the release.
The well is expected to spud by November 2023 and will be located at 9-18-3-8W3M.
RELATED
Recommended Reading
Coterra Takes Harkey Sand ‘Row’ Show on the Road
2024-11-20 - With success to date in Harkey sandstone overlying the Wolfcamp, the company aims to make mega-DSUs in New Mexico with the 49,000-net-acre bolt-on of adjacent sections.
Hot Permian Pie: Birch’s Scorching New Dean Wells in Dawson County
2024-10-15 - Birch Resources is continuing its big-oil-well streak in the Dean formation in southern Dawson County with two new wells IP’ing up to 2,768 bbl/d.
Western Haynesville Wildcats’ Output Up as Comstock Loosens Chokes
2024-09-19 - Comstock Resources reported this summer that it is gaining a better understanding of the formations’ pressure regime and how best to produce its “Waynesville” wells.
Comstock: Monster Western Haynesville Wildcats Cost $30MM-plus
2024-10-31 - Comstock Resources is flowing back a 13th well currently in the play where the oldest has made 2.2 Bcf per 1,000 lateral feet to date in its first 29 months online.
VTX Energy Quickly Ramps to 42,000 bbl/d in Southern Delaware Basin
2024-09-24 - VTX Energy’s founder was previously among the leadership that built and sold an adjacent southern Delaware operator, Brigham Resources, for $2.6 billion.
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.