Far East Energy Corp., the US listed company that operates the Shouyang block coalbed methane (CBM) production-sharing contract (PSC) in Shanxi Province, People's Republic of China , has provided an update on its operations.
Since Oct. 30, the company has fraced seven additional wells, of which six are production wells and one an appraisal well, bringing the total number of wells fraced so far this year to 65, the release said. Of this combined total, 57 are production wells and eight are appraisal wells.
"In the first seven days of November, our field team fraced wells at a rate of one well per day while preparing additional wells for the fracing and pumping process,” CEO Mike McElwrath said in the release. “And since mid-June when the first new wells began pumping, water production in the 1H Production Area has increased by approximately 96%.
The company said it continues to drill new wells, with five wells in the process of being drilled, one of which has been completed and is awaiting perforation.
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