Market Herald logo


Be the first with the news that moves the market
  • Fremont Petroleum said that its flow-back operations as proceeding to plan on the Amerigo Vespucci #1 well
  • It says the lift system is now well-advanced
  • hydrocarbon flows at the well is expected to happen in the coming weeks

Fremont Petroleum said that its flow-back operations as proceeding to plan on the Amerigo Vespucci #1 well.

The well was placed on an artificial lift system to recover the balance of the fluids that were used to stimulate the well during a five stage stimulation of the Niobrara formation.

The Amerigo well is located in Colorado, United States and Fremont is the first company to successfully drill a horizontal well into the Niobrara formation.

The Project sits adjacent to the Florence Oil field, which has produced 15.5 million barrels of oil from the shallow formation.

Fremont is an oil and gas production and development company which has operations in Colorado and Kentucky.

CEO Tim Hart is pleased with the operations at the Amerigo well.

“Completion operations on the Amerigo Vespucci #1 well are going to plan and the flow back of frack fluids aided by the lift system is now well-advanced,” he said.

“Given this was a much bigger frack when compared to the J.W. Powell well, we are therefore recovering a greater volume of frack fluids before we anticipate hydrocarbons cutting in,” Tim added.

The company said oil and water collection tanks, flow-lines and flaring facilities are now in place for the hydrocarbon flows which is expected to commence in the coming weeks.

“The Amerigo Vespucci #1 drill logs look very strong and we expect to report hydrocarbon shows very soon,” Tim said.

FPL by the numbers
More From The Market Herald
Venus Metals (ASX:VMC) - Managing Director, Matthew Hogan

" Venus Metals (ASX:VMC) intersects encouraging mineralisation at Vidure

Venus Metals (VMC) has intersected encouraging copper-nickel-platinum group element (PGE) mineralisation at the Vidure Prospect.

" Whitehaven Coal (ASX:WHC) uses record prices to pay down debt

Whitehaven Coal (WHC) will use the uplift

" Alderan Resources (ASX:AL8) commences drilling at Detroit

Alderan Resources (AL8) has commenced drilling at its Detroit copper gold project, located in the US state of Utah.
RareX (ASX:REE) - Managing Director, Jeremy Robinson

" RareX (ASX:REE) begins scoping study at Cummins

RareX (REE) has begun a scoping study at its flagship Cummins Range Critical Metals Project.