TransTexas Gas discovers gas in Texas
TransTexas Gas Corporation has discovered a new natural gas field in Chambers County, Texas. The well, which began flowing to sales on December 24, 1996 is flowing at a sustained production rate of 22.5 million cubic feet per day of natural gas and 334 bpd of condensate on a 32/64-inch choke with flowing tubing pressure of 4,000 psi. TransTexas said that it expected the field would add additional natural gas production and reserves in the near to mid-term.The well was drilled to a total depth of 10,752 feet and encountered net pay of 92 feet in the Frio formation, in a gross interval between 8,700 and 10,550 feet. Development drilling in the field commenced in late December 1996. The second well, the Acom Gas Unit #2 is currently undergoing completion for production and the Acom Gas Unit #3 is presently drilling at 9,700 feet depth. The Company has an immediate 5 well development drilling program in the new field and expects these development wells to each add incremental production similar to the initial discovery well. The second and third wells are expected to be flowing to sales by the end of March.