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Petroleum

DDD Energy Completes Commercial Gas Well on Tonga Project

Strategic Insights

— 1 min read

Seitel, Inc.'s wholly-owned subsidiary DDD Energy, Inc. has successfully completed a new commercial gas discovery in the Tonga Project, located in Yolo and Solano Counties, California. The Slawson Exploration Company #1-13 T.S. Glide well encountered 124 feet of net gas pay from six zones, with a combined test rate of 4.6 Mmcf/d from two of the zones. The well is expected to be online by year-end 2000. Additionally, DDD Energy has proposed three more exploratory wells on the Tonga Project, and three on the Conestrama Project, with drilling expected to commence prior to year-end.

Key Takeaways:

  • DDD Energy has completed a new commercial gas well on the Tonga Project with a test rate of 4.6 Mmcf/d, expected to be online by year-end 2000.
  • The well, Slawson Exploration Company #1-13 T.S. Glide, encountered 124 feet of net gas pay from six zones.
  • DDD Energy owns a 33.3% working interest in both the Tonga and Conestrama Projects.
  • Three additional exploratory wells are planned for the Tonga Project, with drilling expected to start before year-end.
  • DDD Energy has proposed three more exploratory wells on the Conestrama Project, with drilling expected to commence prior to year-end.
  • OXY Resources California LLC, a unit of OXY USA, Inc., has commenced operations for the drilling of two exploratory wells on the Conestrama Project.
  • Seitel, Inc. has also announced plans for three new exploratory wells in the Sacramento Basin of California, expected to commence drilling operations by year-end.

Statistics:

  • 4.6 Mmcf/d: Test rate of the new commercial gas well on the Tonga Project.
  • 124 feet: Net gas pay encountered in the Slawson Exploration Company #1-13 T.S. Glide well.
  • 6 zones: Number of zones in which gas pay was encountered in the Slawson Exploration Company #1-13 T.S. Glide well.
  • 2 zones: Number of zones tested for gas rate in the Slawson Exploration Company #1-13 T.S. Glide well.
  • 33.3%: Working interest held by DDD Energy in the Tonga Project.
  • 33.3%: Working interest held by DDD Energy in the Conestrama Project.
  • Yolo and Solano Counties, California: Location of the Tonga Project.
  • San Joaquin County, California: Location of the Conestrama Project.

Sources:

  • Seitel, Inc. (NYSE: SEI; Toronto: OSL) - press release dated August 14, 2000.

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