By OGJ editors
HOUSTON, May 13 -- Three companies have pooled acreage to drill a 4,700-m horizontal well targeting natural gas in the Devonian Duvernay shale in Alberta, Canada.
Yoho Resources Inc., Calgary, which didn’t identify the other two companies, said the three completed a pooling of lands at Kaybob so that each company retains a 33-1/3% interest in 27 sq miles of Duvernay mineral rights.
The well, to spud in mid-2010, is estimated to cost $6 million to drill and complete including multiple frac stages.
“These lands are located in the prime fairway for a potential new shale gas resource play in the Duvernay formation,” Yoho said. “The Duvernay has long been considered to be a world class source rock in the Western Canadian Sedimentary Basin and recent specialized reservoir and rock studies by Yoho indicates that this shale has all of the key parameters required for successful shale gas plays.”
