Senex Energy Ltd. has reported strong production testing results at the Vanessa conventional gas field in the South Australian Cooper Basin.
Senex has completed production testing of the Vanessa-1ST exploration well, located in PEL 182 (Senex 57%, DrillSearch 43%), during which gas flowed to surface at an average rate of 141.6 Mcm/d (5 MMcf/d) from the Epsilon and Toolachee formations on a 65% choke. Material condensate was produced at a rate of 15 bbl per MMcf/d. Additional analysis is underway to confirm gas composition and associated liquids (condensate and LPG).
The Vanessa-1ST well is located about 4 km (2.5 miles) from existing gas transmission infrastructure, with the PEL 182 joint venture in the final stages of planning for the commercialization of this gas field.
The joint venture plans to bring the well online and then consider further appraisal and development opportunities.
The Vanessa-1ST gas exploration well was drilled in 2007, with gas shows observed in the Toolachee and Epsilon structures with stratigraphic upside.
Recommended Reading
Phillips 66’s Brouhaha with Activist Investor Elliott Gets Testy
2025-03-05 - Mark E. Lashier, Phillips 66 chairman and CEO, said Elliott Investment Management’s proposals have devolved into a “series of attacks” after the firm proposed seven candidates for the company’s board of directors.
The New Minerals Frontier Expands Beyond Oil, Gas
2025-04-09 - How to navigate the minerals sector in the era of competition, alternative investments and the AI-powered boom.
Q&A: Petrie Partners Co-Founder Offers the Private Equity Perspective
2025-02-19 - Applying veteran wisdom to the oil and gas finance landscape, trends for 2025 begin to emerge.
Utica Liftoff: Infinity Natural Resources’ Shares Jump 10% in IPO
2025-01-31 - Infinity Natural Resources CEO Zack Arnold told Hart Energy the newly IPO’ed company will stick with Ohio oil, Marcellus Shale gas.
Double Eagle Team Re-Ups in Permian, Backed by EnCap’s $2.5B
2025-04-02 - The fifth iterations of Double Eagle Energy and its minerals subsidiary, Tumbleweed Royalty, have received a $2.5 billion equity commitment from EnCap Investments LP—the day the E&P finalized a $4.1 billion sale to Diamondback Energy.