Argosy Energy reports well results

Argosy Energy Inc. has reported the performance of a horizontal well that it drilled recently in the company’s southern Alberta Bakken prospect. In an April 10 press release the company said that it had shut the well in for a while, to enable a pressure build up, but that it had subsequently brought the well back into production for eight days.

Using a bottom hole pump assembly, the well produced 36 degrees API oil at the rate of 125 to 140 barrels per day in a fluid mix containing 50 percent water, Argosy said.

Argosy said that more than 10,000 barrels of fracking fluid remained to be recovered from the well and that experience from a competitor’s nearby well suggested that water production would drop and oil production increase over time.

Activities in the Bakken prospect continue to dominate Argosy’s operations, the company said.

—Alan Bailey

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