The vertical depth was 3,600ft and the horizontal portion was extending 2,040ft. A second horizontal Weir well is being drilled, and Ngas is currently permitting another five horizontal Weir wells for drilling this fall.
Although, the initial well has not been tested, it displayed significant oil and gas shows. This well offsets six Ngas vertical Weir wells that came on line in the early part of the year, which are producing both oil and natural gas.
The Weir sandstone in the area ranges from 170ft to 180ft thick. It is the primary producing formation in the Roaring Fork field on the Kentucky and Virginia border, where approximately 500 Weir wells are producing both oil and natural gas.
In the Amvest field to the southwest, Ngas has 78 producing vertical Weir wells. Ngas has over 70,000 undeveloped acres in these two fields and plans to develop the Weir horizontally with 100-acre spacing upon successful completion of the initial test wells.
William Daugherty, president and CEO of Ngas Resources, said: “We are very encouraged with the oil shows we saw during drilling. The ability to drill the Weir horizontally should allow us to develop the oil and gas from this payzone much more effectively. The flexibility to shift more of our production to crude oil at an attractive cost is a significant development for Ngas.”
Ngas will have both horizontal Weir wells fraced in July. In addition to its Weir tests, the company has completed 55 horizontal Devonian shale wells with lateral legs extending as far as 4,500ft throughout its Appalachian acreage. All 55 wells are connected and producing high Btu gas.
