Factors that could cause actual results to differ materially include the uncertainty of the requirements demanded by environmental agencies, the Company's ability to raise financing for operations, inability to maintain qualified employees or consultants, potential delays or obstacles in spudding, drilling, well completion
or interpreting data, competing land claims or disputes over rights to the property and the likelihood that no commercial quantities of gas are found or recoverable.
Canadian Superior") (TSX:SNG) (AMEX:SNG) of Calgary, Alberta, Canada announced today the successful completion of its 2005 Western Canada winter drilling and well completion
and its fourth consecutive successful oil well completion
in West Texas.
Evaluating and optimizing well completion
procedures can be difficult because of insufficient understanding of the reservoir and completion dynamics.
Although this may indicate correctable well completion
problems, it is uncertain whether flow rates from these wells will meet the Company's original projection.
Operators in the area have had to schedule well completions
three to four months in advance.
are scheduled for the week of Aug.
The Company's studies included horizontal well recovery analyses for drainage of reservoir areas in the 640-1280 acre range, revised operational plans for horizontal drilling, and detailed analyses of prior gas well completions
in the License 1551 area.
In the Giddings Field located in Fayette County, Texas, the company has participated in a total of 22 successful horizontal well completions
, including the LCRA/COA No.
The company is encouraged by the fact that recent well completions
in this field are providing initial production rates up to 25 percent above projections.
HOUSTON--(BUSINESS WIRE)--JUNE 6, 1995--HOWELL CORPORATION (HWL:NYSE; HWLLP:NASDAQ) today announced royalty well completions
on its fee mineral acreage.
Swift Energy has participated in a total of 12 successful horizontal well completions
in the past 18 months in Fayette County with plans to drill as many as 12 more wells during the next 18 months in this area.