HOUSTON, May 16, 2011 /PRNewswire/ -- Indigo II Louisiana Operating LLC ("Indigo") today announced a new horizontal well permit targeting the Louisiana Eagle Ford Shale ("LA Eagle Ford") formation. Indigo's proposed Bentley Lumber 23H #1, Section 23, T5N-R5W, Rapides Parish, Louisiana, is permitted to a proposed total measured depth of 15,500' and is projected to include a 4,000' horizontal lateral section targeting the LA Eagle Ford zone at approximately 10,600' true vertical depth. It is anticipated that the well will be completed through the horizontal segment with 15 fracture stimulation stages. This new horizontal well will be located eight miles north of Indigo's recent vertical LA Eagle Ford "test" well, the Bentley Lumber 32 #1, T4N-R5W, Vernon Parish, Louisiana, drilled and completed earlier this year. Full conventional cores were taken through the LA Eagle Ford section in the Bentley Lumber 32 #1, a suite of modern logs was run and the objective section was subsequently tested by two fracture stimulation stages in this wellbore. The vertical well, which reached a total depth of 12,020', established LA Eagle Ford oil production (42.2 API gravity) in the center of Indigo's acreage position.
Bill Pritchard, Indigo's Chairman and CEO stated: "Indigo began its pursuit of this new oil shale play back in mid-2008 and has accumulated over 240,000 net acres of leasehold and mineral fee in central Louisiana that is prospective from the Louisiana Eagle Ford Shale formation. This horizontal oil shale play will involve considerable time and capital to fully develop, and it is Indigo's intent to eventually secure a joint venture partner in order to establish oil production over the entirety of its leasehold."
Source: PR Newswire
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