On Sept. 12, Strike Energy Ltd. reported operational advances at its Southern Cooper Basin Gas Project in PEL 96 in Australia.
Strike Energy is the operator with a 66.67% interest, and Energy World Corp. has a 33.33% interest.
Over the last two months, Strike has been building on the successful major upgrade to the production capacity of the Klebb pilot project with all four Klebb wells operating together. In addition, a series of jet pump configuration trials focused on Klebb 2 and 3 have been conducted to calibrate the relative performance characteristics of the jet pumps to minimize the dewatering period.
The goal is to maintain stable and reliable operations as consistent water flow from all four Klebb wells will accelerate. Reservoir pressure reduction will lead to increased gas flow rates.
The Klebb 1 beam pump has been performing consistently since reinstatement in mid‐July with subsequent modifications to the surface equipment, the company said.
Following its workover in mid‐August,Klebb 2’s performance has increased. The company said that it expects higher production from Klebb 2 once the second high-pressure pump is installed.
Jet pump adjustments have been conducted primarily on Klebb 3.
Recommended Reading
Aethon Cuts Rigs but Wants More Western Haynesville Acreage
2024-03-28 - Private gas E&P Aethon Energy has drilled some screamers in its far western Haynesville Shale play—and the company wants to do more in the area.
Elk Range Royalties Makes Entry in Appalachia with Three-state Deal
2024-03-28 - NGP-backed Elk Range Royalties signed its first deal for mineral and royalty interests in Appalachia, including locations in Pennsylvania, Ohio and West Virginia.
Dallas Fed Energy Survey: Permian Basin Breakeven Costs Moving Up
2024-03-28 - Breakeven costs in America’s hottest oil play continue to rise, but crude producers are still making money, according to the first-quarter Dallas Fed Energy Survey. The situation is more dire for natural gas producers.
OEP Completes Acquisition of TechnipFMC’s Measurement Solutions Business
2024-03-27 - One Equity Partners said TechnipFMC’s measurement solutions business will be rebranded as Guidant and specialize in measurement technology, automation solutions and global systems.
PE Investors Scoop Up Offshore Services Provider Acteon Group
2024-03-27 - Acteon Group, a U.K.-based subsea services provider serving customers in offshore oil, gas and renewables, was acquired by new private equity backers.