Posts Tagged ‘beach’
Under the agreement, Texas-based Memorial will pay a purchase price of $271 million for the blocks, including $3 million of working capital and other adjustments.Known as the Beta properties, the acquisition comprises a 51.75% operating interest in three Pacific Outer Continental Shelf blocks covering the Beta field, located
The Bauer-9 appraisal well encountered good oil shows on mud logs over a 14 metre interval while drilling through the McKinlay formation and Namur sandstones.Once the well reaches total depth, wireline logs will be run to confirm the find and gather more information.Drillsearch said, if a discovery is confirmed,
The company said its latest well, Snatcher-9 in PEL 111, had struck an interpreted net oil pay of 11.2 metres, extending the oilfield further to the north west.Senex managing director Ian Davies said the well demonstrated the high prospectivity of the Cooper basin’s western flank.“Snatcher-9 was a true appraisal well,
The fracking programme is being carried out in nine stages in the Patchawarra formation and one stage in the Murteree shale, over an interval between 3300 metres and 3800 metres.Beach expects each stage to take about two days to complete and said the gas from all stages would be co-mingled.