Project Profile
Location: Texas, USA
Production: 415 barrels of condensate and 18.4 million cubic feet of gas (2015)
The onshore Riverbend Project is a gas development project located in Texas, USA. The project area comprises a total of approximately 40,000 acres under lease or option and an area of mutual interest totaling 50,000 acres targeting the Austin Chalk and shallower Saratoga Chalk plays. A first well was drilled on the project in 2008 - the Quinn 3H well which encountered multiple gas flares and shows in the primary target zone before hitting a very high pressure gas zone that ultimately resulted in a blowout. Krescent who is the operator of the project took remedial action and was able to plug the vertical section of the well but lost the final 1,000 feet of horizontal.
The plan moving forward was to re-enter this well with a rig with greater pump capacity, specifically designed to handle the higher gas pressures similar to those encountered during the first attempt, mill a new window, and drill up to an estimated 5000 foot horizontal lateral to complete the well in the Austin Chalk B zone. The well has a sales pipeline already connected and upon successful completion of the horizontal the well was flowed tested direct to sales. In August 2010, Krescent proceeded with the Cartwright-1H well. The Cartwright-1H well is the main source of gas in the project, flowing to sales at rates averaging 500,000-600,000 cubic feet of gas per day.
Operators:
Krescent Energy Partners II, LP (\'KEP II\'): Operator with 90% interest
Empyrean Energy plc: 10% interest
Contractors:
Panther Bayou Energy, LLC,: Operating functions and provide billing and revenue services