Falcon Oil & Gas Ltd. has hit above commercial IP60 flow rate of 3.0 million cubic feet per day (MMcfpd) at the Shenandoah South 1H (SS-1H) well in EP117.
The company said in a media release that the well achieved an average 60-day initial production (IP60) flow rate of 3.0 MMcfpd over the 1,644-foot (501 meters), 10-stage stimulated length within the Amungee Member B-Shale, normalized to 6.0 MMcfpd over 3,281 feet (1,000 meters).
The company added that the exit rate trajectory after the 60 days of flow testing showed a steady low declining curve at 2.76 MMcfpd over the stimulated length and stable reservoir back pressure of 530 psi.
The flow test results have given the company encouragement that future development wells with lateral lengths of 10,000 feet may be capable of delivering average rates of 18.4 MMcfpd over the first 60 days of production.
“Results to date confirm that this region measuring more than 1 million gross acres below 8,850 feet (2,700 meters) is one of the best locations in the Beetaloo Basin to commence pilot development activities”, said the company.
Falcon aims to extend the flow testing to 90 days to get a better reading of the well’s estimated ultimate recovery. Results of the IP90 flow rates are expected in April 2024.
Falcon Oil added that together with its partner in the Beetaloo JV, Tamboran B2 Pty. Ltd., it will continue to progress development plans for the proposed 40 MMcfpd pilot project at Shenandoah South.
The project is expected to require six 10,000-foot development wells initially to achieve a plateau production of 40 MMcfpd. Drilling of the first of these wells is planned to commence in the second quarter of 2024 and the JV is targeting first gas in the first half of 2026, according to Falcon Oil.
The company is in a position to start drilling the two initial wells in the program and is looking at how to best secure the remaining capital commitments to reach first production, it said.
“The SS-1H IP60 flow rate announced today of 3.0 MMcf/d, normalized to 6.0 MMcf/d over 1,000 meters, demonstrates a steady low declining curve while holding its downhole pressure. This augurs well for the initial development in the Shenandoah South area as these rates continue to track average flow rates seen in the Marcellus Shale basin in the US”, said Philip O’Quigley, CEO of Falcon Oil & Gas.
To contact the author, email andreson.n.paul@gmail.com
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