Range Resources has reported further success in the appraisal and development of the North Chapman Ranch Field in Texas, in which Range has a 20-25% interest, with the successful drilling of the Smith 2 and Albrecht 1 wells. Work is being conducted to remove all of the plugs below the upper pay zone and combine the remaining lower pay zones to achieve maximum rate and recovery. Once both wells are online, Range estimates that its net production and cash flow from the project will increase by more than 200% over current levels.
Leni Oil & Gas has said that further progress has been made on the A2ST01 well at the Eugene Island Field in the US Gulf of Mexico. A window was successfully milled in the casing and the newly drilled well is now about 500 feet above the anticipated reservoir. The target fault block, the Cranberry Creek prospect, has an estimated mean recoverable reserve of 0.5m barrels of oil.
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