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Buccaneer completes Kenai Loop drilling
Buccaneer Energy completed its first Alaska well on May 9, the company said.
The Australian independent reached a total vertical depth of 10,680 feet at Kenai Loop No. 1 and is now conducting wire line logging operations at the onshore Cook Inlet well.
Mud logs have identified 11 intervals in the Upper Tyonek “exhibiting characteristics warranting further testing,” three of which graded as “significant or very significant shows” because they “exhibited either moderate visible porosity, were in massive sandstones or were unconsolidated sandstones,” according to Buccaneer.
Gas kick Buccaneer experienced a gas kick on one of those “unconsolidated sandstones.”
Once wire line logging and casing is done, Buccaneer plans to conduct seven-day flow test on up to 10 as-yet-unselected zones in the Beluga and Upper Tyonek Formations.
Buccaneer spud the well on April 15 using the Glacier Drilling Rig No. 1.
Kenai Loop No. 1 sits north of the Cannery Loop unit and the city of Kenai, on a patch of state, Cook Inlet Region Inc. and Alaska Mental Health Land Trust leases in the area.
Based on control wells, 200 miles of 2-D seismic and surrounding geology, Buccaneer believes the field holds “multiple stacked pay zone possibilities between 5,000 and 10,000 feet,” estimating reserves between 35 billion and 78 billion cubic feet and initial production rates between 5 million and 10 million cubic feet per day per well.
—Eric Lidji
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