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Stock Market & Financial Investment News

News Breaks
March 25, 2014
05:07 EDTSSNSamson Oil & Gas provides operational advisory
The infill development plan for Samson’s North Stockyard project is to drill 10 middle Bakken wells and 8 Three Forks wells. The fracture stimulation of the Blackdog 3-13-14H well commenced on March 9th, and was completed March 21st. This frack was the largest undertaken in Samson’s North Stockyard project to date and pumped 8.5 million pounds of proppant in 38 stages. This represents a proppant concentration of around 1,000 pounds per foot of proppant, which is in line with current industry practice of the use of larger volumes of proppant to deliver larger ultimate reserves. The well is currently shut in and will be flowed back later this week. Sail and Anchor is shut in during the Blackdog frack and continues to await a coil tubing clean out in conjunction with Blackdog. Frontier 24 is drilling the two Matilda Bay wells in batch mode and has set surface casing on both wells, with Matilda Bay #1 running a 7 inch casing string. Following the cement of this casing string the rig will skid to Matilda Bay #2 to drill the curve and set the 7 inch production casing. The Rennerfelt #1 and 2 wells are ready for the frack crew, which is now expected to arrive April 27th.
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August 26, 2014
05:27 EDTSSNSamson Oil & Gas provides operational advisory
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August 19, 2014
15:54 EDTSSNEnerCom to hold a conference
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05:02 EDTSSNSamson Oil & Gas provides operational advisory
The infill development plan for North Stockyard consists of 8 middle Bakken wells that have been drilled and 22 Three Forks wells. The Three Forks wells consist of 8 First Bench Three Forks wells, 6 Second Bench Three Forks wells, and 8 Third Bench Three Forks wells. Frontier Rig 24 has set and cemented the 9-5/8 inch surface casing on the Bootleg 8-14-15TF2H. Presently, the intermediate section of the wellbore is being drilled at depth of 10,397 feet. Bootleg 8 is the first well in the North Stockyard field to target the Second Bench of the Three Forks. Spacing approval has been received for a total of 22 wells in the Three Forks Formation and therefore will maintain a development drilling program over the forthcoming 2 years within the North Stockyard Field. The Bootleg 5-14-15TFH frack has been completed. A total of 35 stages were successfully completed with 8.15 million pounds of sand placed. The Bootleg 4-14-15TFH frack is underway and the plan is to fracture stimulate 28 stages with a total of 4.5 million pounds of sand. A rig is on site repairing the liner on the Matilda Bay 1, but the operation has been temporarily suspended to shut-in the well for the Bootleg 4 and 5 fracks. Following the fracture stimulation the work–over will reconvene. The Matilda Bay 2 is currently shut-in for the Bootleg 4 and 5 fracks.

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