Wentworth Energy Has Successfully Drilled The Third Well On Its East Texas Mineral Block
Palestine, TX - Wentworth Energy, Inc. recently announced that it has successfully drilled its third well on the Company's 27,557-acre mineral block in East Texas. Wentworth Energy has drilled and set production casing on the Red Lake Gas Unit #1-R well (1-R) which is located in Freestone County, Texas. After setting production casing on the 1-R well, the rig immediately commenced drilling the Company's fourth well, the Red Lake Gas Unit 2-W (2-W), which was spudded on December 22, 2006.
The Red Lake Gas Unit #1-R well was successfully drilled to a total depth of 5,516 feet. A log was run from 5,516 feet to the base of the surface casing and sidewall cores were taken to analyze several intervals in the Woodbine (4,834'-5,086') along with the Dexter Sand (5,138'-5,154'). Cores were also taken in the Sub-Clarksville sand at 4,482 feet to test the producibility of this zone. The log and the cores revealed at least 14 feet of excellent oil sand in the Woodbine at 4,835 feet. The core and log analysis indicated excellent permeability and no signs of depletion from adjacent wells, making the decision to run production casing and complete the well an easy one. The well has four prospective zones, the Dexter sand, two zones within the Woodbine formation that are currently perforated and tested gas on Wentworth Energy's first discovery - the No. 1 Brakens' well, and a Sub-Clarksville sand. The Company has plans to begin testing the well in the Dexter zone, which is the deepest zone.
"This is the first successful offset on the south end of the structure that our No. 1 Brakens' well was drilled on," said Tom Temples, Wentworth Energy Vice President of Exploration and Production. "We now have a confirmation well and can begin fully developing the prospect. We believe that there are at least an additional 8 locations in this structure left to drill." "We are very pleased with the results from our analysis of the pay sand. It provides the opportunity for more low-risk drilling locations, which should result in increased oil production and earnings for Wentworth Energy," added Temples.
The Red Lake Gas Unit 2-W well will be drilled to an approximate depth of 6,000 feet in an effort to establish oil production in the Woodbine formation. As with the Red Lake Gas Unit #1-R well, it is estimated that target depth will be reached within a few days of the well being spudded. It is still unknown in this field to what extent the reservoir extends to the south which, when tested, could open up further oil reserves for Wentworth Energy.
Wentworth Energy will drill, complete and then conduct an independent four point flow test on the Red Lake Gas Unit 2-W well. The Company will then go back to complete the Red Lake Gas Unit #1-R well and conduct a four point test on that well. The four point test conducted as per Texas Railroad Commission regulations determines the estimated flow rate and reserves from the two wells.
SOURCE: Wentworth Energy, Inc.