FX Energy Inc. (Nasdaq: FXEN) has reported on testing two of its wells in Poland.
The Tuchola 3-K well encountered good hydrocarbon shows in two zones in a 215 meter gross section of reefoidal Upper Devonian. Logs and sidewall cores confirm good porosity and permeability in two separate zones. Operations are now underway to test both intervals through open-hole drill stem tests. If these tests are encouraging, a seven-inch liner will be set and the interval(s) will undergo stimulation and thorough production testing.
The Tuchola-3K well is the company's first test well in one of the Edge concession blocks in northern Poland. Previous drilling by other companies encountered live oil and gas in a number of horizons in the region, including the Zechstein, Rotliegend, Devonian and Carboniferous. The Tuchola-3K well was designed to test the Zechstein Main Dolomite, the Upper Devonian and the Middle Devonian. FX Energy is the operator and owns 100% of the working interest.
Field operations are underway to frac three intervals in the Rotliegend and carry out three separate production tests. Halliburton is expected to initiate fracing procedures later this week and it is anticipated that the project will take approximately three to five weeks with results available in the latter part of May. Halliburton will carry out three separate fracs at intervals between 3,760 and 4,098 meters. After all three fracks have been completed, each interval will undergo a five- or six-day production test.
The Plawce-2 well was completed in the third quarter of 2011 and is located in what is believed to be a several kilometer-wide uplifted band of tight Rotliegend sandstone that stretches across the northern border of the Fences concession. The Plawce-2 well was designed to test whether a vertical multi-frack well could yield commercial production and whether this tight sand area merits further evaluation. The Plawce-2 well encountered 480 meters of tight Rotliegend sandstone. Logs, cores and a drill stem test yielded gas shows with no water. The Polish Oil and Gas Company is the operator and owns 51% of the working interest; FX Energy owns the remaining 49% working interest.
FX Energy is an independent oil and gas exploration and production company with production in the U.S. and Poland. The company's main exploration and production activity is focused on Poland's Permian Basin where the gas-bearing Rotliegend sandstone is a direct analog to the Southern Gas Basin offshore England.
Recommended Reading
EQT: Non-op Marcellus Assets Pique International Buyers’ Interest
2024-07-24 - EQT Corp. is marketing interests in its upstream and midstream assets in Appalachia as the company reduces debt after a $5.45 billion acquisition of Equitrans Midstream.
NatGas A&D Warms Up as BKV Sells Marcellus Assets for $132MM
2024-07-12 - Natural gas M&A may be heating up as Barnett Shale-focused E&P BKV Corp. sold interests in gassy northeast Pennsylvania properties for nearly $132 million, according to regulatory filings.
Laying in Wait: San Juan’s ‘Remarkable’ Mancos Shale Oil Wells
2024-06-17 - The past decade has been difficult for the San Juan Basin, which suffered from a lack of activity and exits by major operators. But experts say inventory-hungry operators shouldn’t overlook the San Juan’s long-term potential.
Permian To Drive Two-thirds of US Oil Output Growth Through '25 – EIA
2024-06-12 - The Permian Basin will drive U.S. oil production growth for the foreseeable future, according to the U.S. Energy Information Administration. But Permian associated gas growth continues to pressure the natural gas industry.
Chesapeake COO: Shale Gas Basins See Exploration, Step-out Activity
2024-06-19 - U.S. gas producers continue to wade through low commodity prices, a situation made even stickier by record Permian gas production, said Chesapeake COO Josh Viets. But with a “constructive” natural gas market on the horizon, producers are consolidating and exploring for drilling runway.