Halliburton Energy Services and its partner will evaluate and develop the Niobrara Formation and other conventional targets as part of Samson Oil & Gas’ Hawk Springs project in Wyoming, US.
The targets are located in the northern Denver-Julesburg Basin of the Hawk Springs project in Goshen County, Wyoming.
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Samson and its partner will be free carried through the drilling and completion of two wells with 4,500ft laterals, and will be reimbursed for a portion of the cost of the North Platte 3-D seismic survey.
Halliburton will acquire 25% equity in the farm-in area of 11.4km², and will have the option not to drill a second farm-in well, which would reduce its equity to half the project area.
The farm-in consists of a gross area of 45.6km², including 26.6km² currently held by Samson.
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By GlobalData
