Kentucky USA Energy has provided an update on its drilling operation on its leasehold property in the New Albany shale in western Kentucky.
The company's drilling contractor mobilized its rig to the company's next drilling location, Jimmy Jackson #1, spudded-in, and is presently drilling at approximately 1,172 ft. The Hunter Wells #4 location has been acidized in the Dutch Creek formation at 2,610 to 2,625 ft and at 2,705 to 2,718 ft. The swab and flow test on this well has indicated strong gas to the surface and the company expects to increase its anticipated gas production at this well by more than double its original projections due to the second formation found in the well. As reported in the April 24, 2009, press release, the Hunter Wells #4 location is also showing small amounts of oil in the Dutch Creek formation.
"We are excited about the natural gas and unexpected oil findings in the Dutch Creek formation and we believe that these findings will increase our production within those wells," says Steven Eversole, CEO of Kentucky USA Energy. "As we near tie-in, it is prudent that we look at all of our options in order to maximize the selling of our natural gas. I want to thank our shareholders for being patient with our timeline. We continue to lay our gathering system and set meters to prepare ourselves for the initial connection to a third-party pipeline."
Recommended Reading
Confirmed: Liberty Energy’s Chris Wright is 17th US Energy Secretary
2025-02-03 - Liberty Energy Founder Chris Wright, who was confirmed with bipartisan support on Feb. 3, aims to accelerate all forms of energy sources out of regulatory gridlock.
Argent LNG, Baker Hughes Sign Agreement for Louisiana Project
2025-02-03 - Baker Hughes will provide infrastructure for Argent LNG’s 24 mtpa Louisiana project, which is slated to start construction in 2026.
What's Affecting Oil Prices This Week? (Feb. 3, 2025)
2025-02-03 - The Trump administration announced a 10% tariff on Canadian crude exports, but Stratas Advisors does not think the tariffs will have any material impact on Canadian oil production or exports to the U.S.
Pinnacle Midstream Execs Form Energy Spectrum-Backed Renegade
2025-02-03 - Renegade Infrastructure, led by Permian-centric Pinnacle Midstream developers Drew Ward and Jason Tanous, have received a capital commitment from Energy Spectrum Partners.
Talos Selects Longtime Shell Exec Paul Goodfellow as President, CEO
2025-02-03 - Shell veteran Paul Goodfellow’s selection as president, CEO and board member of Talos Energy comes after several months of tumult in the company’s C-suite.