Far East Energy Fracs Seven New Wells in Shouyang CBM Block in China
Far East Energy Corporation, operator of the Shouyang Block Coal bed methane (CBM) Production Sharing Contract (PSC) in Shanxi Province, China, announced that it has fraced seven additional wells since the last update on October 30th.
Of the seven wells, six are production wells and one an appraisal well, bringing the total number of wells fraced so far this year to 65. Of this combined total, 57 are production wells and 8 are appraisal wells.
The company is continuing to drill new wells with 5 wells in the process of being drilled; one of which has been completed and is awaiting perforation, Far East said in a statement.
Since mid-June when the first new wells began pumping, water production in the 1H Production Area has increased by approximately 96%, the company said.
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