Project Profile
Location: LaSalle, Rapides and Grant parishes, Louisiana, USA
Start-up Year: 2012
Reserves: 50,000 - 250,000 barrels per well
Depth: 4,500 to 5,500 feet
The Catahoula Lake project is targeting multiple \"stacked\" oil zones throughout the Middle-Wilcox formation at depths ranging from 4,500 to 5,500 feet. Wells drilled in the Middle-Wilcox exhibit long production lives with low decline rates after the initial flush oil is produced and relatively steady production is established. Ultimate oil recoveries are expected to range from 50,000 to 200,000 barrels for each successful well drilled from land locations and in excess of 250,000 barrels for each successful well drilled from lake locations. The will be spent on detailed geological interpretation of the lake based on information from nearby onshore and offshore exploration which has been carried out over the past 60 years.
Otis Energy made an oil and gas discovery with the second well at its Catahoula Lake Project in Louisiana in May 2012. SL20846-1, the second of 7 wells to be drilled in the project in 2012, intersected about 8 feet (2.4 metres) of net oil and gas pay within the Middle Wilcox Sand. Wells drilled in the Middle-Wilcox typically exhibit long production lives with low decline rates after the initial flush oil is produced and relatively steady production is established. Successful wells will be completed and tied into Otis’ existing production facilities.
Operators:
Otis Energy: Operator with 100% interest
Otis Energy moved into the tech sector with the acquisition of iSignthis. Otis also renamed to iSignthis. (September, 2014)