Wiser plans drilling on Louisiana acreage

Petroleum News

Wiser Oil Co. plans to drill at least three wells this year in western Louisiana, after entering a long-term exploration agreement with a private Dallas-based minerals company that Wiser didn’t name.

The deal involves 141,000 acres in Calcasieu and Beauregard parishes, along the Texas border near Lake Charles. Wiser will operate the property with a 50 percent working interest. Other terms of the deal were kept private. It was announced by Dallas-based Wiser Jan. 21.

Wiser will begin drilling one prospect in the second quarter of this year. That will target the Yegua trend at about 13,500 feet. The company plans to drill at least two other wells on the acreage this year.

The land covers several active plays, including the Frio, Hackberry and Wilcox trends. George Hickox Jr., Wiser’s chairman and CEO, says there is extensive 3-D seismic coverage of parts of the acreage, but it “has been sparsely tested for the targets we intend to pursue.”