Australia's Winchester drills White Hat 2106 well in Permian
Australian explorer Winchester Energy has started drilling at the White Hat 2106 well at Mustang oilfield in the Permian basin in Texas, it said on July 14.
White Hat 2106 is the seventh well drilled by Winchester in the Mustang field, which has produced over 178,000 barrels of oil and “significant” gas from the consistent Fry Sand, the company said.
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The well will likely take 10 days to reach total depth, at which point the company said it will run logs and commence testing. “With completed wells costing less than $700,000 and oil sales occurring almost immediately upon completion of the wells, development of the Mustang oil field is highly attractive,” it said.
Sydney-listed Winchester, which has its operational base in Houston, currently produces approximately 144 boe/d net to its working interests.