Highlands Natural Resources Completes Six Well

Laxman Pai
Thursday, January 3, 2019

Highlands Natural Resources said six new wells on the East Denver shale oil and gas project in Colorado have been completed, with flowback starting on three of the six.

The London-listed natural resources company said in a stock exchange annoucement that the existing Powell well has started production, and the Wildhorse well is being prepared to resume production in the near future.

Provisional data from the three new wells flowing back, Buckskin, Grizzly and Ouray, indicate that these wells should perform in line with the existing two wells drilled by Highlands, which have been ranked in the top 3% of all Niobrara wells in the Denver Julesburg basin.

Flowback from the remaining three new wells, Thunder, Citadel and Hagar, is expected in the next two weeks with timing being subject to possible change due to the recent extreme cold weather conditions at the location.

On conclusion of these activities, Highlands will have a 7.5% carried interest in eight producing wells at East Denver and will be positioned to deliver revenues from the project throughout 2019.

Categories: Energy Shale Oil & Gas Shale

Related Stories

Norwegian Oil Investment Will Peak in '25

Saipem Marks First Steel Cut for Tangguh UCC Project at Karimun Yard

Cheniere, JERA Ink Long-Term LNG Sale and Purchase Agreement

Inpex Kicks Off FEED Work for Abadi LNG Scheme Offshore Indonesia

ADNOC Signs Long-Term LNG Deal with Hindustan Petroleum Corporation

Sapura Energy Rebrands to Vantris Energy

CNOOC Brings New Offshore Gas Field On Stream

Yinson, PTSC Get $600M Contract for Vietnam-Bound FSO

China Rolls Out 17MW Floating Wind Turbine Prototype

OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

Current News

SPE Offshore Europe 2025 set to drive transformational change for the energy sector

Shipbuilder Delivers Fast Crew Boat Pair to Aesen

Norwegian Oil Investment Will Peak in '25

Saipem Marks First Steel Cut for Tangguh UCC Project at Karimun Yard

Saipem Wins FEED Contract For Abadi LNG Project FPSO Module In Indonesia

Cheniere, JERA Ink Long-Term LNG Sale and Purchase Agreement

Shelf Drilling Lands New Jack-Up Contract in Vietnam, Extends Egypt Deal

Seatrium Engages Axess Group to Clear FPSOs for Brazil Deployment

Inpex Picks FEED Contractors for Abadi LNG Onshore Plant

Inpex Kicks Off FEED Work for Abadi LNG Scheme Offshore Indonesia

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com