Oil & Gas

Pantheon Resources says East Texas well shows “potentially significant” reservoir

Jay Cheatham, Pantheon CEO

Pantheon Resources said a sidetrack well has been drilled and will now be completed ahead of testing.

Data from the well onshore East Texas, in which the firm has a 58% working interest, has shown signs of a “potentially significant” reservoir in the Eagle Ford sandstone.

The company said the significance of the results could not be properly assessed until flow testing operation have been completed.

Drilling operations with the rig have now been completed at the location and a production liner will be run and the well bore cased.

Pantheon said a lower cost workover rig will be contracted to undertake completion and flow testing operations.

Jay Cheatham, chief executive of Pantheon, said:“I am extremely pleased to report that we have successfully concluded the sidetrack of the VOBM#2H well and have encountered promising log responses. The successful completion of this well confirms our belief that we can drill vertical wells into the Eagle Ford, quickly and economically. We remain extremely excited by the potential of our prospects and we look forward to flow testing the VOBM#2H sidetrack well.”

Read the latest opinion pieces from our Energy Voice columnists

Feature & Analysis

Features & Analysis

Upcoming Events

  1. Offshore Decommissioning Conference 2017

    November 27 - November 29
  2. Northern Powergrid’s first DSO transition event

    November 28 @ 9:30 am - 3:00 pm
  3. The 1st Morocco: Gas Options

    November 29
  4. The Africa Renewable Energy Forum

    November 30 - December 1
  5. Subsea UK’s Annual General Meeting

    November 30 @ 6:00 pm - 10:00 pm

Cancel