Westside Energy Corporation, with operations focused in the Barnett Shale play in North Texas, reported that the Primula #1H well, the Company's first horizontal Hill County well, has reached its target depth objective. The Company has successfully set casing and expects to fracture- stimulate the well and initiate production within the next 30 days. After numerous drilling delays due to rig breakdowns, the first rig was released and replaced. The replacement rig successfully drilled the remainder of the Primula #1H well and is currently on location to drill the Ellison #1H horizontal well (WHT 50% WI) in Hill County. While Westside will be the named operator for this well, Westside has an agreement with its industry partner to utilize their significant in-house drilling expertise to replace the contract drilling firms previously used.
Westside also announced that the Fortenberry #2H horizontal well (WHT 37.5% WI) in Wise County reached its target depth and was cased. Completion and first production are expected within the next 90 days. Drilling and production data from this horizontal well will aid the Company in evaluating the potential application of horizontal technology to future development of its North Program area acreage.
Three vertical wells, which were previously drilled and cased in the North Program area, will be completed once the delayed construction of a third-party gas pipeline is finished. The Company has been advised that pipeline construction to connect these wells will be completed in the first quarter of 2007. The wells will be fracture-stimulated, completed and placed on production once the pipeline is in place.