Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Let's hope for no clouds tomorrow when the satellite passes so we can see all three flares going strong
Santos
https://apps.sentinel-hub.com/eo-browser/?zoom=17&lat=-16.39986&lng=134.70054&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Fbd86bcc0-f318-402b-a145-015f85b9427e&datasetId=S2L2A&fromTime=2022-08-11T00%3A00%3A00.000Z&toTime=2022-08-11T23%3A59%3A59.999Z&layerId=2_FALSE_COLOR&demSource3D=%22MAPZEN%22
Empire
https://apps.sentinel-hub.com/eo-browser/?zoom=17&lat=-16.70015&lng=135.10026&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Fbd86bcc0-f318-402b-a145-015f85b9427e&datasetId=S2L2A&fromTime=2022-08-11T00%3A00%3A00.000Z&toTime=2022-08-11T23%3A59%3A59.999Z&layerId=2_FALSE_COLOR&demSource3D=%22MAPZEN%22
@dprussky nice! flare looks bigger than the largest of the Santos' flares (2nd well got started a week ago w/ over 4000psi wellhead pressure). Higher calorific value of rich gas?
Hopefully they are dialing in on an optimum frac fluid and design that results in higher rates. "We don’t yet know which of the 21 stages is giving us the strongest production rates, and therefore which fluid system will drive optimal production and cost performance in development scenarios"
scince, yeah, obviously 2.8 mmcfd ip was the money headline, but, I think the pros are thinking they need more details before they get giddy.
2.6 mmscf seems like a far cry from what we originally were hoping for ? I understand with the rise in gas price we need less to make it commercially viable but will the 2.6 be increased in the weeks to come ?
Thanks Schlem and Vegas, that's great news and is what we were all hoping for. It's another step forward for the Beetaloo towards the goal of commercialisation. GLA
I like the term 'commercially viable' and references to 'US Shale'
'Since then, strong and stable gas production rates, coupled with slowing water production, have given the Empire team enhanced confidence that we are rapidly approaching demonstration that the project is commercially viable, particularly given the significant cost advantage compared to other parts of the basin.
We don’t yet know which of the 21 stages is giving us the strongest production rates, and therefore which fluid system will drive optimal production and cost performance in development scenarios. We will gather and analyse this data in the coming weeks and months. However, our preliminary view is that it is highly likely that some stages are generating more production than others.
These learnings, to be incorporated into our completion design for Carpentaria-3H, are likely to drive even stronger production rates in that well and future wells, consistent with the learning curves that were achieved across the major US shale basins.'
-------
Top stuff...
Is this the flow result that will finally unleash Beetaloo and convince the market that Beetaloo's the real deal?
hopefully some of that good news rubs off on us.
EEG up 14.6% as of now.
• 2.6 million standard cubic feet (mmscf) per day sustained initial flow rate achieved
over the first 91 hours of flow testing with minimal decline in gas flow rate over this
period
• Flow rate was achieved from 927m effective stimulated horizontal length indicating a
normalized rate of 2.8 mmscf per day per 1,000m of horizontal section
• 27.8% of injected fluids recovered while strong gas rates sustained without any
artificial lift required (e.g. no nitrogen injection) demonstrating strong reservoir drive
• These early results provide Empire management with materially enhanced confidence
that the project can be commercialized
• Flow testing is continuing. Data being collected and analysed by Empire’s technical
team will be incorporated into the completion design for the upcoming Carpentaria-3H.
Comments from Managing Director Alex Underwood:
“This is an outstanding result for Empire and our shareholders, and a historic moment in the
advancement of the Beetaloo Basin. To our knowledge, this is the highest sustained gas flow rate of any
well drilled in the Beetaloo Basin to date.
https://mcusercontent.com/6c7d255d97b3dec4176e2a477/files/89be1e6b-69eb-4e54-c5e5-9edfc114d424/11082022_C_2H_Flow_Testing_Update_Final.pdf