Titan gets set to drill Greathouse

LSU Tigers fans cheer before the NCAA BCS National Championship college football game against the Alabama Crimson Tide in New Orleans, Louisiana, January 9, 2012. REUTERS/Sean Gardner (UNITED STATES - Tags: SPORT FOOTBALL)

Excitement in Louisiana: Titan Energy has increased its acreage in the Greathouse prospect where it is in talks over a potential farm-out, in addition to preparing to drill its first well

SEAN GARDNER

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Danica Newnham

 31 October 2012 03:19 GMT

Australia-listed Titan Energy is preparing to drill its first well into the Greathouse prospect in Louisiana after increasing its acreage by over a third to 598 square metres. The company also has an option over a further 846 square metres.

Titan has a 50% operating interest in the prospect, which has been assessed to potentially contain more than 1.35 million barrels of oil equivalent within the Hayes sand.

The well has been planned as a re-entry and sidetrack of the Jordan Schultz well and will target the Hayes sand at a total depth of 3093 metres. It is anticipated to potentially flow at rates of up to 300 barrels of oil per day.

The well will be located within the South Lakes Charles oil and gas field, which is reported to have produced…

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