The Deshotels no. 1 well is producing perhaps less than its potential, due to drilling problems. Located between Dupont and Odenburg, the well was plagued with situations which engineers have learned from. The second well, the P. Deshotels well, named after farmer Patrick Deshotels, should be completed in May, and will benefit from the mistakes or misfortunes in new drilling techniques that are still being fine tuned by the industry.
The following is the latest update from Pryme Oil of Australia who have a forty percent working interest in the Dupont well which was permitted by Nelson Energy of Shreveport:
Deshotels 20-H No.1 (40% Working Interest / 30% NRI)
The well is currently producing at 240 barrels of oil per day. Natural gas is being flared onsite until such time as construction of the flow line to the main gas sales pipeline is complete. Based on well production characteristics to date we expect this rate of production to remain fairly flat.
“Understandably investors have paid a great deal of attention to the performance of the first well to be drilled in our Turner Bayou Chalk project. Based on surrounding production, the strong geological data from drilling and the encouraging physical signs, bottom hole pressures, the amount of oil produced while drilling and the sizeable flare burning on site, the Deshotels 20-H No.1 should have yielded a substantially higher production rate if it had been properly completed,” said Justin Pettett, Pryme’s Managing Director.
“Mechanical issues are a risk in deep horizontal wells and, unfortunately, we have encountered some of these in our first well. Nevertheless, we are confident that the Turner Bayou Chalk project will prove to be a very good investment for Pryme,” said Mr Pettett.
The project focus is on the drilling of well number two which is expected to spud in early May.
