InvestorsHub Logo
Followers 0
Posts 241
Boards Moderated 0
Alias Born 06/01/2008

Re: None

Tuesday, 03/08/2011 4:03:30 PM

Tuesday, March 08, 2011 4:03:30 PM

Post# of 6903
Our well is a copy of this well. It will make 20-30 mmscf/d from 130 ft of pay. We have around 2000 ft in our well.
This is the area of East Texas MNLU was referring to in it's 2/23/11 press release.
Texas: Hilltop well cuts Lower Bossier pay

Mar 8, 2011
By OGJ editors

HOUSTON, Mar. 8 -- Gastar Exploration Ltd. said the Belin-2 well in East Texas cut 130 net ft of pay in five sand intervals in Jurassic Lower Bossier.

The well went to a total depth of 19,650 ft in a nonproducing fault block on the Hilltop structure in Robertson and Leon counties. It confirms the presence of high-quality reservoirs in the downthrown fault block.

Gastar, with 67% working interest before payout, plans to complete the well in two initial zones and, depending upon the availability of frac stimulation services, expects the first of these initial completions to be on line by the end of April. Projected completed well cost is $11 million.

The company plans to drill the Belin-3 well while continuing to focus on exploitation of the shallower Eaglebine and Glen Rose oil formations on this same acreage.

Oil & Gas Journal Topic and Resource Categories:

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.