HOME PAGE SUBSCRIPTIONS, Print Editions, Newsletter PRODUCTS READ THE PETROLEUM NEWS ARCHIVE! ADVERTISING INFORMATION EVENTS PETROLEUM NEWS BAKKEN MINING NEWS

Providing coverage of Alaska and northern Canada's oil and gas industry
March 2010

Vol. 15, No. 10 Week of March 07, 2010

Inlet well tests at 578 bpd, Miller says

Tennessee-based Miller Energy Resources announced March 3 its Alaska subsidiary, Cook Inlet Energy, has completed “the first of several major well reworks.”

The West McArthur River Unit-5 well tested at a flow rate of 578 barrels of oil equivalent per day after a workover that included replacing the tubing, milling a packer and perforating additional potential productive formations below 13,000 feet, Miller said.

With backing from Miller, Cook Inlet Energy in late 2009 purchased an assortment of idled oil and gas assets on the west side of Cook Inlet from Pacific Energy, a California independent that was undergoing bankruptcy liquidation.

The assets included the West McArthur River oil field, the West Foreland natural gas field, the Osprey offshore platform, and exploration rights on more than 600,000 acres.

Production goals

Miller said it aims to continue ramping up its Alaska production.

“With the WMRU-5 well back in production and completion of rework of the WMRU-6 oil well currently under way, we beat our goal of producing 800 BOED by the end of the first quarter of 2010,” said Scott Boruff, Miller’s chief executive officer. “We are now turning our focus to maximizing production from our other existing wells which will allow us to be producing 1,100 BOED well in advance of our original timetable of the fourth quarter of 2010.”

Miller Energy Resources is an oil and gas exploration, production and drilling company based in Huntsville, Tenn. Aside from Cook Inlet, it focuses on the Appalachian basin in Tennessee.

Cook Inlet Energy is based in Anchorage and now employs 18 people including CEO David Hall, the Miller press release said.

“Our initial strategy will be to restore base production at the West McArthur River field by repairing a couple of our champion wells,” Hall said in December, “but our long-term strategy is to significantly raise oil and gas production at the properties through new drilling.”

--Wesley Loy--






Petroleum News - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
[email protected] --- http://www.petroleumnews.com ---
S U B S C R I B E

Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©2013 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.