I was happy to see todays release from Artek Explorations. RTK.
The Company has successfully drilled and completed its fifth of a seven horizontal well program (60% working interest) planned for 2012 at A16-10-88-23W6 at the most northerly end of its Doig natural gas and condensate trend in the Inga area of British Columbia. After a 93 hour in-line production test period, the horizontal well was still cleaning up and flowing from the Doig Formation, over the last 6 hours of the test period, at a restricted average rate of approximately 6.4 mmcf/d of natural gas (31% load C3) and 1,351 bbls/d of condensate, or a total of 2,424 boe/d which is the equivalent of 2,086 boe/d (65% condensate) net of load at a flowing pressure of 1,486 PSI. The well was drilled to a lateral distance of approximately 1,560 meters and was completed with a 16 stage propane fracture stimulation program.
This is what the technology does. CLEANS UP and creates results in Liquid rich reservoirs!!
Today I averaged on my shares $ . :)
I also heard a rumor that Shell has been planning a couple horizontals in the Edson area to apply the LPG technology. Further the rumor is that Shell has already done 3 wells as a Frac trial last year and was impressed with the production!!
My experience is that major E & P companies take time to #$%$ technology. Shell will apply the technology in the right reservoirs and then contract the technology. Its how majors do things. ON FACTS! I can only imagine that Shell plans to use this in the Eagleford eventually and other places. I can guess that this will happen once Shell is confident in the GFS USA operations which is only 1 year experienced folks.
This I'd like Jim Hill to confirm on a the conference call in November.