Irvine Energy starts gas sales from Kansas
Tuesday, April 29, 2008
Irvine Energy has commenced production at the Niobrara oil and gas project in Kansas, USA. Ten wells are now pumping with a total of 16 wells expected to be producing by early May. Gas sales began on April 28th.
The Niobrara project, in which Irvine acquired a 50% working interest in September 2007, comprises 4,490 acres of oil and gas licences in north-west Kansas. An initial 20 wells were selected for development, 16 of which are expected online by May, whilst the remaining wells wait to be perforated and stimulated ahead of sales. Development of a further 40 undrilled well locations at Niobrara will commence following the stabilisation of production from the initial 20 wells.
Irvine Energy has also received its first independent reserve and resources audit from Netherland, Sewell & Associates, Inc., which confirmed estimates of reserves of 10.25 billion cubic feet gas equivalent in P1-P3 reserves categories in the areas currently covered with 3D seismic and the Niobrara.
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