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Sun Resources plans to fracc well with 250 feet net oil pay in Texas

Published: 05:00 09 Oct 2014 EDT

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Sun Resources (ASX:SUR) is continuing detailed planning for its highly-anticipated multi-stage hydraulic fraccing at its Jack Howe-1H horizontal well in Texas that intersected 250 feet (75 metres) of net oil pay.

The strong oil pay is an indicator that the well could be capable of commercial production.

The first stage is to model the fraccing response on the reservoir rock using the mechanical properties of the formation, as measured by wireline log and core analysis. 

This iterative process will conclude with a proposed fraccing design that will then be bid out to local fraccing service companies. 

Sun anticipates that the frac design will mirror that of the wells adjacent to Jack Howe, including those operated by EOG Resources (NYSE:EOG).

EOG has a number of wells on both sides of Jack Howe-1H that had produced at initial 30 day rates of between 200 to 600 barrels per day.

The design will be applied to the oil pay identified in Jack Howe-1H targeting the strong oil and gas shows in the lateral section of the well.

The Nabors Drilling USA LP Rig #53 has been released from the Jack Howe location.

Earlier this week, Sun closed its 1 for 5 renounceable rights issue of shares priced at $0.01, raising $1.18 million. This adds to the $4 million it raised through a placement in August.

The proceeds will further the proposed multi-stage fraccing operation at Jack Howe-1H.

Jack Howe-1H


Analysis of all core data and wireline logs had confirmed that Jack Howe-1H in the Normangee Oil Project (Sun: 50%) had intersected 75 metres (250 feet) of net oil pay.

This is in line with Sun’s pre-drill expectations and confirms the potential for Lower Woodbine oil pay across its southern Woodbine leases.

This is as thick as the traditional Eagle Ford Shale in Texas that has been very productive and is expected to be commercial given the performance of nearby wells.

Strong oil and gas shows continued while drilling the horizontal section and the shows strengthened toward the end of the well bore.

This data and analysis will form the basis of an independent reserve and resources report.



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