OPERATIONS

Pioneering Dempsey starts up

PANCONTINENTAL Oil & Gas rose 20% in trading this morning after gas production and sales started at its partner Sacgasco’s Dempsey 1-15 well, a key milestone likely to lead to further development with the operator looking at acquiring more wells and infrastructure in the Sacramento Basin.

 Dempsey 1-15 gas flare before connection to the sales pipeline in January 2018.

Dempsey 1-15 gas flare before connection to the sales pipeline in January 2018.

The well is flowing high-quality dry gas at about 140,000 cubic feet per day with a flowing tubing pressure of 670 pounds per square inch.   Sacgasco dropped by 3% this morning to trade at 9.7c despite...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now
MORE ON THIS TOPIC

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry

editions

ENB Social Licence Report 2021

In its second year, this research now includes trends and new findings surrounding impacts and responses as the energy industry seeks to secure and maintain a social licence to operate.