Forest Oil (FST) has a 51,000 net acre position that is prospective for the Wolfcamp Shale play. The company’s acreage is located in Crockett County, Texas.
Forest Oil plans to obtain core samples from vertical wells to help plan a horizontal development program here. The company has drilled one pair of vertical and horizontal wells and recently started on a second pair. Forest Oil plans a total of six wells through early 2012.
Conference Call Comments
“Our first horizontal Wolfcamp well, drilled with a lateral length of 5,000 feet is currently being fracked with 15 stages planned, and it is also being monitored with microseismic during the completion. Utilizing the micro seismic, the fracturing techniques had been altered on the fly by changing the perforation clusters and fracturing rates.”
“We have drilled the second of our vertical monitoring wells in a different portion of the Wolfcamp and we'll begin a horizontal outfit in the next couple of weeks. After drilling that horizontal, we will then move back and drill yet another horizontal offsetting our first monitor well as we continue to refine the stimulations of the Wolfcamp, which is over 700 feet thick. After the horizontals are completed, the vertical wells will be utilized to test other prospective pay zones that lie outside of the Wolfcamp sequence.”