Callon Well Tests At 7.65 MMcf / 500 BC Per Day At Main Pass Block 26.NATCHEZ, Miss.--(BUSINESS WIRE)--Sept. 15, 1998--Callon Petroleum Company's (NYSE NYSE See: New York Stock Exchange : CPE/CPE.PrA) State Lease 15827 No.1 well at Main Pass Block 26 has tested at 7.65 million cubic feet of natural gas (MMcf) and 500 barrels of condensate condensate, matter in the form of a gas of atoms, molecules, or elementary particles that have been so chilled that their motion is virtually halted and as a consequence they lose their separate identities and merge into a single entity. (BC) per day on a 18/64-inch choke with a flowing tubing pressure of 5,250 pounds per square inch Noun 1. pounds per square inch - a unit of pressure psi pressure unit - a unit measuring force per unit area . Callon owns a 97 percent working interest in the prospect. The well was originally drilled to a total depth of 10,450 feet and encountered 45 feet of net natural gas pay over a gross interval from 10,084 feet to 10,218 feet. It is located approximately 2.6 miles north of Callon's existing flowline tie-in at Main Pass Block 31. This is the third successful test for Callon in the Breton Sound Breton Sound is a sound and a part of the coastline of the U.S. state of Louisiana; it is near Lake Pontchartrain. Two ships in the United States Navy have been named the USS Breton after this area. / Main Pass area since the first of August. On August 5th the company announced a natural gas discovery at the Romeo y Julieta Romeo y Julieta can refer to:
Callon Petroleum Company has been engaged in the exploration, development, acquisition and operation of oil and gas properties in the Gulf Coast region since 1950. This news release contains projections and other forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These projections and statements reflect the company's current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that these projections will be achieved and actual results could differ materially from those projected as a result of certain factors. CONTACT: Callon Petroleum Company, Natchez John S. Weatherly, 1-800-451-1294 http://www.callon.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion