Tag Archives: Williams Fork

Business, Finance, Occupation & Industry

Dejour Q1-2013 Net Production Rate up 26%

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

Dejour Q1-2013 Net Production Rate up 26%

Drilling Program on Schedule at Kokopelli

DENVER–(BUSINESS WIRE)– Dejour Energy Inc. (NYSE MKT: DEJ / TSX: DEJ), an independent oil and natural gas exploration and production company operating in North America’s Piceance Basin and Peace River Arch regions, is pleased to announce production results for Q1 2013 and provide a field operations update at the Company’s 72% owned and operated Kokopelli project in NW Colorado.

Production:

Dejour’s net field production rose to 402 BOE/day average for Q1 2013, a quarter over quarter increase of 26%. 60% of this production was light crude. More encouraging, the March 2013 exit rate average net production to Dejour was 447 BOE/day, 63% oil. This further 11% net production growth coincides with much better realized product pricing and is expected to be maintained at least during Q2-2013. The March 2013 gross field production exit rate was 602 BOE/day.

Field Operations:

Surface casing has now been successfully set to ~1250′ on each of the Federal 6-7-15-27 and the Federal 6-7-14-27 wells. Once surface casing has been set on the third well, the Federal 6-7-13-27, drilling to total depths of ~8300′ will commence for each well sequentially. This operation should be accomplished within the 30 day window time frame previously announced, prior to the initiation of the completion program. The completion program will include the perforation and fracking of multiple zones of the Williams Fork on each of the 4 well bores currently and previously drilled by Dejour and initiating production (gas, condensate and NGL) to contractual gathering and sales systems.

Please refer to our Facebook page (link below) for additional media.

About Dejour

Dejour Energy Inc. is an independent oil and natural gas exploration and production company operating projects in North America’s Piceance Basin and environs (approximately 129,000 net acres) and Peace River Arch regions (approximately 8,500 net acres). Dejour’s seasoned management team has consistently been among early identifiers of premium energy assets, repeatedly timing investments and transactions to realize their value to shareholders’ best advantage. Dejour maintains offices in Denver, USA, Calgary and Vancouver, Canada. The …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Dejour Contracts Patterson Drilling & Halliburton for Kokopelli Development

Leave a comment

By Business Wirevia The Motley Fool

Filed under:

Dejour Contracts Patterson Drilling & Halliburton for

Kokopelli Development

Targeting Q2-2013 Liquids-Rich Production

DENVER–(BUSINESS WIRE)– Dejour Energy Inc. (NYSE MKT: DEJ / TSX: DEJ), an independent oil and natural gas exploration and production company operating in North America’s Piceance Basin and Peace River Arch regions, today provides an update on field operations at its 72% owned and operated Kokopelli project in Western Colorado.

The Company remains on schedule for the start-up of a new three well drilling program at Kokopelli before the end of March. Mobilization of Patterson-UTI (NAS: PTEN) Rig #313 to Dejour’s Drill Pad 21-A has begun. At the conclusion of the three well program, the Company has contracted with Halliburton (NYS: HAL) to commence completion of all four wells (including Federal Well 6-7-16-21 which was drilled in November).

Dejour is currently finalizing a gas transportation and processing agreement with a major midstream operator in the Piceance. Under the terms of the agreement, Dejour will maintain ownership of all NGL‘s recovered at the third party processing plant and sell both the NGL‘s and the residual gas at the tailgate of the plant.

“We are beginning the process of converting the Kokopelli asset from a proven undeveloped and probable reserve to a proven developed producing reserve that we expect to grow with time to over a net 120 BCF natural gas with 15 MM barrels of condensate/liquids in the Williams Fork,” says Harrison Blacker, Dejour COO.

Of significant interest to the Company are recent activities targeting the deeper Niobrara-Mancos zones in proximity to Dejour leaseholds within the Piceance Basin.

A recent announcement by WPX Energy (NYS: WPX) of a successfully completed Lower Mancos (Niobrara) Hz producer, in Garfield County, states that a new producer has averaged 12 MMCF/d of restricted flow production during the first 30 days. WPX further announced its intention to drill 2 additional Hz wells in 2013 adding that the encouraging production results of these new wells indicate that the Piceance Basin recoveries, including the Niobrara-Mancos, offer the potential to at least double the Company’s net reserves in the Piceance.

“We are also very excited about the activities of a Texas based E&P company currently testing a 4,600′ horizontal leg of …read more
Source: FULL ARTICLE at DailyFinance