19 May 2007 - 10:51
  • News Code: 104959

Venoco Inc., Denver, spud 34 wells in the quarter ended Mar. 31 in the Sacramento basin, where it plans to drill more than 120 wells in 2007.

Venoco doubled the number of rigs it is running in the basin to six from three in the quarter.

 

The company"s program is focused mainly on infill drilling and recompletions, and it set casing on 30 of the 34 first quarter wells. More completion rigs are expected to be available the rest of the year.

                  

The company has expanded its land position 164,000 net acres in the basin, where it operates about 250 gas wells.

 

PIN/OGJ.COM

News Code 104959

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