The Company has recently revised its 2017 operational plan to include drilling select new offset wells
on some current properties.
Initial 90-day oil production increased 39 percent compared with offset wells
, the company said.
Gulf Coast Western plans to maximize production potential with 18 additional PUD-designated offset wells
In one Eastern Siberia field, Viking Bits have increased average rates of penetration by 25%, compared to nearby offset wells
with similar profiles.
The well operator has identified additional opportunities for up to four offset wells
to the north of the Mollhagen #8 drilled in recent years have cumulated production in excess of 75,000 barrels of oil per well.
The Partnership has an Agreement to implement a turn-key program to drill and complete one exploratory well and options to drill and complete up to 24 offset wells
on the Lease.
the post-stimulation results from theuse of this technology have yielded asignificant improvement over resultsachieved in offset wells
(with similarreservoir characteristics), treated usingconventional stimulation methods," thereport said.
The average initial production rate for the wells treated in Argentina was 53 per cent higher than that of the offset wells
treated using conventional fracturing techniques, according to operator YPF.