Titan Energy drills exploration well on dome oil field in Texas, US

Australia-based oil and gas company Titan Energy has announced that it has drilled the JT Reese #S1 well on the Allen Dome salt dome oil field in Texas, US.

The well is expected to take four to five days to reach the planned pre-drill total depth (TD), where it will target a proven oil-producing zone at 1,400ft.

JT Reese #S1 well is situated updip to the historic #4c well, which showed good oil traces when swabbed.

Titan Energy has a number of follow-up, look alike sites for targeting the 1,400 foot sand on the Allen Salt Dome area.

Rotary Exploration has drilled the Reese #S1 well with support from Houston-based well-site specialists HTK Consultants.

The Arrow Drilling Company, which has been contracted to drill the JT Reese #S2 oil exploration well, has begun rigging up. The conductor pipe has already been set for JT Reese #S2 and the well is expected to spud within the next 72 hours.

As part of a pre-drill plan, the JT Reese #S2 well will be drilled to a total depth of 5,200ft to target five separate horizons on the Northern flank of the Allen Dome salt dome.

Each of the sands has the potential to produce about 50 barrels of oil per day, while it is expected to take seven to eight days to reach TD.

Titan Energy US managing partner John McKnight said drilling of two exploration wells at the same time is a big achievement for the company.

"If we have drilling success here it will provide the company with significant momentum with a large number of potential, similar, follow up targets on both the Northern and Southern flanks of this proven, oil producing salt dome," McKnight added.

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Image: Titan Energy is targeting proven oil-producing zone at 1,400ft on the Reese #S1 well. Photo: Courtesy of Titan Energy.