Australia-based Samson Oil & Gas Ltd. has elected to work with US-based Chesapeake Energy in the State 24-63 #10-1H well (25%WI) and the State 24-63 #14-1H (12.5% WI) in Goshen County, Wyoming, USA.
The wells, in the Codell sandstone directly underneath the Niobrara formation, are expected to be drilled to a measured depth of 11,447’ and 11,272’, respectively. The completion in the Codell is expected to also fracture the Niobrara Formation in both wells.
“If the Codell works in the northern DJ, which it does in Wattenberg proper, this can de-risk more northern DJ basin acreage and have positive implications and increase overall value for other players in the northern DJ Basin such as GMX, Bill Barrett , Recovery Energy, and Chesapeake Energy,” noted Global Hunter Securities in a research note July 5.
