The PEL 513 joint venture (Drillsearch Energy Ltd. 40%, Santos 60% and Operator) made its second wet gas discovery in the license in Cooper Basin, Australia, according to a press release.
The Yarowinnie South-1 well was drilled to a total depth of 3,142 m (10,308 ft) as an exploration well, southwest of the Varanus South-1 discovery announced last month. Drillsearch’s preliminary interpretation of wireline logs has confirmed an aggregate best estimate of almost 15 m (49 ft) of net gas pay over several intervals in the Patchawarra Formation totaling a gross Patchawarra interval of 410 m (1,345 ft). The well has been cased and suspended as a future producer.
Recommended Reading
Report: Freeport LNG Hits Sixth Day of Dwindling Gas Consumption
2024-04-17 - With Freeport LNG operating at a fraction of its full capacity, natural gas futures have fallen following a short rally the week before.
Permian NatGas Hits 15-month Low as Negative Prices Linger
2024-04-16 - Prices at the Waha Hub in West Texas closed at negative $2.99/MMBtu on April 15, its lowest since December 2022.
BP Starts Oil Production at New Offshore Platform in Azerbaijan
2024-04-16 - Azeri Central East offshore platform is the seventh oil platform installed in the Azeri-Chirag-Gunashli field in the Caspian Sea.
US Could Release More SPR Oil to Keep Gas Prices Low, Senior White House Adviser Says
2024-04-16 - White House senior adviser John Podesta stopped short of saying there would be a release from the Strategic Petroleum Reserve any time soon at an industry conference on April 16.
Core Scientific to Expand its Texas Bitcoin Mining Center
2024-04-16 - Core Scientific said its Denton, Texas, data center currently operates 125 megawatts of bitcoin mining with total contracted power of approximately 300 MW.