Elk's working over Greater Aneth

ELK Petroleum’s upstream production program at the Greater Aneth oil field in Colorado is yielding early results and the company’s ‘innovative’ approach to produce from formerly decommissioned wells is on track and under budget, it said today. 

Elk's working over Greater Aneth Elk's working over Greater Aneth Elk's working over Greater Aneth Elk's working over Greater Aneth Elk's working over Greater Aneth

Elk charging forward with its initial Greater Aneth oil field recovery program

 
Elk has an initial eight oil well deepening program as a part of the Desert Creek II waterflood area project, and a further 35 across the McElmo Creek Unit in the Greater Aneth. 
 
The first well is currently producing 127 barrels of oil per day and was deepened ahead of schedule and at a lower cost than initially expected.
 
Five of the eight initial wells - MCU I-19, MCU K-15, MCU P-12, MCU O-11 and MCU J-14 - have now been deepened by 140 feet (45 metres) from two reservoirs (Desert Creek I, Desert Creek II) throughout the unit. 
 
The cost per well was less than US$450,000, and Elk has projected payback within 165 days. 
 
"These ...