Empire Petroleum Marks Strategic Milestone With Successful 21,006-Foot Well in the Western Haynesville in Texas to Accelerate Revenue Development
Empire Petroleum successfully re-entered and deepened the Wakefield-Harrison GU B #1 well to a measured depth of 21,006 feet, marking the deepest modern evaluation in the Western Haynesville by a microcap company. The project was completed for approximately $4.4 million, significantly lower than the $30 million to $45 million peers spend on new wells, with hydrocarbon shows recorded and modern logs recovered at temperatures up to 434 degrees Fahrenheit.
Key figures
- Depth md
- 21006
- Depth tvd
- 20949
- Temperature f
- 434
- Well cost usd
- 4400000
- Section exposed ft
- 11000
- Peer cost range usd low
- 30000000
- Midstream pipeline miles
- 49
- Peer cost range usd high
- 45000000
- Midstream compression mmcfd
- 9.5
AI analysis
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