Royale Energy, Inc. ROYL today announced that it has set completion casing on the Emerald Ridge well, in the Sacramento basin of California. The well encountered two significant gas shows that required high weight drilling fluids in order to reach the total depth of nearly 4,700 feet. Electric logs over the zones of the gas shows were encouraging, but not conclusive, thus leading to the decision to run pipe to total depth in order to perform production testing on the well within the next few weeks.
Prior to drill the Emerald Ridge, the Memento #1 reached a total depth of 6,000 ft, with Electric logs indicating three prospective gas zones in the Upper Forbes. The company will test the two lower most zones next week. The third and the shallowest of the pay zones occupy a large area and can potentially hold significant gas accumulations. This upper zone will be completed once the lower zones have been produced out.
While the completion work on Memento and Emerald Ridge is underway, the company is moving the rig to its Cardiff well location some ¾ miles northwest of Royale's Bristol well which encountered pay zones
See full press release
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in