COLUMBIA GAS DEVELOPMENT ANNOUNCES TEST RESULTS OF SECOND HORIZONTAL DISCOVERY WELL IN UTAH
COLUMBIA GAS DEVELOPMENT ANNOUNCES TEST RESULTS
OF SECOND HORIZONTAL DISCOVERY WELL IN UTAH
HOUSTON, Texas, Nov. 18 /PRNewswire/ -- Columbia Gas Development Corporation, the Houston based oil and gas exploration and production subsidiary of The Columbia Gas System, Inc. (NYSE: CG), today announced the results of the flow test of its second horizontal discovery well at Kane Springs in Grand County, Utah.
The Kane Springs Federal No. 19-1A well averaged rates of 1,158 barrels of oil and 234,000 cubic feet of natural gas per day through an 11/64 inch choke with a flowing tubing pressure of 2,526 p.s.i. during a 16-hour test, according to John P. Bornman Jr., president of Columbia Gas Development. The well is located approximately 26 miles west- northwest of Moab, Utah, and six miles southeast of Columbia Gas Development's original discovery well (Federal No. 27-1). The well reached a measured depth of 9,825 feet and is producing from the Cane Creek formation. Total vertical depth is 7,420 feet.
Columbia Gas Development is operator and owns a 50 percent working interest in the well. Other participants in the discovery include Exxon Company, U.S.A. (50 percent) and EP Operating Company L.P. which retains a 35 percent reversionary working interest after payout. A third exploratory well (Federal No. 28-1) is currently being drilled.
The 49,000 acre block controlled by Columbia and its partners is primarily federal acreage located in Grand County, Utah. Columbia's working interest throughout the block is 32.5 percent.
Columbia Gas Development is actively engaged in domestic oil and gas exploration, production and marketing along the Gulf coast (both onshore and offshore), in California, and in the Mid-Continent and Rocky Mountain regions. Other Columbia Gas System subsidiaries located in Charleston, W.Va., and Calgary, Alberta, carry out the System's oil and gas exploration and production efforts in Appalachia and Canada.
The Columbia Gas System, Inc. is one of the nation's largest natural gas systems. Subsidiary companies are engaged in the exploration, production, purchase, storage, transmission and distribution of natural gas and other energy operations such as cogeneration. Columbia's transmission, storage and distribution facilities serve, directly or indirectly, over eight million customers in 15 states and the District of Columbia.
/CONTACT: R. Wayne Smith III of Columbia Gas, 713-871-3479/
(CG) CO: Columbia Gas Development Corporation; The Columbia Gas System, Inc. ST: Delaware, Utah IN: UTI SU: JS -- PH038 -- 4551 11/18/91 14:50 EST