Shut In Wells

Wondering about two wells in Red River Parish listed as shut in. #250240 and #250241? Novice here so any information much appreciated.

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Permalink Reply by Skip Peel - Mineral Consultant on December 12, 2017 at 13:15

Both wells are Waiting On Completion (WOC).  The work permit for completion operations was issued effective 10/3017.  The steep downturn in oil and gas prices caused a reduction in the numbers of frac crews.  Both wells will be completed together once a crew can get to it.

Permalink Reply by R B on December 12, 2017 at 13:21

Thank you. I am sure I will have more questions relating to what it may mean for Red River Parish once it comes online. Although with price below $3, kind of have a guess about that.

Permalink Reply by Skip Peel - Mineral Consultant on December 12, 2017 at 13:29

Sections 7 & 18 are generally on the eastern edge of the explored basin.  The original wells in those sections appear to indicate good rock quality.  Good well results could encourage more wells further east in 13N - 8W.

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