BNK Petroleum has completed the drilling of Chandler 8-6H well at Tishomingo Field, Oklahoma.
This is the first well to be drilled by the company this year, who currently hold 99.9% working interest.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
BNK Petroleum stated that it has drilled the well under-budget, and has been cased after completion of the drilling.
The entire lateral of the Chandler 8-6H well has been placed on target within the preferred sub-interval of the Caney formation.
The company claimed that as expected, it encountered strong oil and gas shows while drilling. The record is comparable to its best producing wells to date.
BNK Petroleum president and CEO Wolf Regener said: “I am very pleased that we were able to drill this well safely and under-budget, and that the oil and gas shows look so strong. This result is a testament to the excellent team that we have in place.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData“We are looking forward to completing this well and to drilling and completing our next planned wells, which are also in areas that are geologically comparable to some of our best performing wells.
“We expect this drilling programme to significantly increase our already positive cash flow, as well as prove up additional reserves.”
The company intends to commence fracture stimulation operations late next week. After the completion of stimulation operations, BNK Petroleum will immediately start flowing the well back and put it on production.
The drilling rig will be mobilised to the next location after a few days to drill the Hartgraves 1-6H well where the company holds complete interest.
BNK Petroleum focuses on finding and exploiting unconventional oil and gas resource plays. Through its multiple affiliates and subsidiaries, it owns and operates shale oil and gas properties and concessions in the US.
