Talisman drills two successful gas wells

Debra Beachy, Petroleum News contributing writer

Talisman Energy Inc.'s Calgary-based subsidiary, Fortuna Energy Inc., has drilled two successful Black River gas wells in New York, the first operated on the recently acquired New York properties, the company said Sept. 2.

"These results are encouraging and we are still early on the learning curve. Given the prime location, close to gas markets, these wells have healthy economics at rates below half a million cubic feet per day," said Jim Buckee, Talisman's president and chief executive officer.

The first well, despite some operational problems, tested at rates up to 2.4 million cubic feet per day. The second well flowed at rates up to 10.4 million cubic feet per day and is currently shut-in for a pressure buildup test, the company said.