Newspaper article THE JOURNAL RECORD

Tulsa-Based Eagle Energy Exec: Longhurst a Well for the Long Haul

Newspaper article THE JOURNAL RECORD

Tulsa-Based Eagle Energy Exec: Longhurst a Well for the Long Haul

Article excerpt

It was during Labor Day weekend when Eagle Energy Co. of Oklahoma LLC completed a northwest Oklahoma oil well that produced 2,225 barrels a day.

Today, nearly 75 days later, production at the well, known as the Longhurst 3H-34, has barely decreased. It is producing more than 1,500 barrels per day.

The well earned more than twice the drilling cost of $3.5 million in the first 65 days of production, said Mike O'Kelley, Eagle Energy president and chief operating officer.

O'Kelley said he's never had a well like the Longhurst in his career.

"Wells like this help a person sleep like a baby," O'Kelley said. "More than that, it makes coming to work each day exciting."

Eagle has drilled several wells in the area that came in with production of more than 500 barrels of oil per day, O'Kelley said. He wouldn't predict another 2,225 barrels per day of initial production like the Longhurst.

"But we have some offset acreage that looks very comparable to this acreage," O'Kelley said. "We fully expect to drill some very good offset wells in the near future."

Eagle has been drilling at a pace of three wells per month in the Horizontal Mississippi Trend in the last 18 months, hitting either oil or gas on 30 of them, said Steve Antry, Eagle Energy CEO. The trend is about 55-percent oil and 45-percent natural gas.

The Mississippi Trend is a layer of rock about one mile beneath the surface. The layer, or zone, is about 500 feet thick, O'Kelley said.

Eagle has targeted the top of the zone.

"We have mapped the top 100 feet and found quality rock," O'Kelley said. "We have acreage surrounding this well and it has the same potential. In our geological evaluation of this section, we did anticipate another good well. We had it mapped as an area with well- developed porosity and a nice thick productive interval, but, we never expected to drill the biggest well in the entire Mississippi Trend."

Once Eagle strikes the Mississippi, it turns the drill bit horizontally and drills laterally another 3,500 to 4,000 feet. …

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