HOUSTON, June 21, 2010 /PRNewswire/ -- Endeavour
International Corporation (NYSE Amex: END) (LSE: ENDV) announced
today that its drilling program in the
United States is recording encouraging test results from
joint-interest wells in the Haynesville, Cotton
Valley and Marcellus gas plays. The new initiative is part
of the company's strategy to establish a growth-oriented portfolio
of domestic onshore properties that complement its development and
producing assets in the United
Kingdom.
"Initial drilling results support our belief that our move into
emerging US gas shale and frontier plays will serve as a
predictable and sustainable source of reserves and production for
our company in the future," said William L.
Transier, chairman, chief executive officer and president.
"We are especially pleased with excellent test results from our
first well in the Haynesville area
where the company and our partner have a large acreage position
that will allow us to capitalize on opportunities in the
region."
Haynesville Play, Louisiana
At the Woodardville Field in Red
River and Bienville Parishes, Louisiana, the J-W Operating Company-operated
Batchelor 3-1H horizontal
Haynesville well tested gas at an
initial rate of 21.5 million cubic feet per day (mmcfd) from a
24/64-inch choke at a flowing pressure of 7,732 pounds per square
inch. The Batchelor well is a
direct east offset to the Indigo Minerals 3-1H horizontal
Haynesville completion that has
produced more than three billion cubic feet of gas in the past
year. Endeavour holds a 50 percent working interest in both the
Batchelor and Indigo Minerals
wells. The company also has a 41.5 percent interest in the Woodard
10-1H horizontal Haynesville test
currently being drilled as a southern offset to the Batchelor and Indigo Minerals wells. In
addition, Endeavour has minority interests in three
outside-operated Haynesville tests
in the Woodardville Field and one outside-operated well in the
Grand Cane Field, DeSoto Parish, all
of which are at various stages of drilling or completion.
Endeavour holds approximately 13,500 gross acres in the highly
productive Louisiana portion of
the proven Haynesville shale gas
play in a 50/50 joint venture with Cohort Energy with over 200
gross potential future locations.
Lower Cotton Valley Play, East
Texas
At the East Willow Springs Field in Gregg County, Texas, the J-W Operating
Company-operated Longview North Gas Unit 1H horizontal Cotton
Valley Sand well tested gas at an initial rate of 6,144 thousand
cubic feet per day (mcfd) from a 28/64-inch choke at a flowing
pressure of 2,525 pounds per square inch. Endeavour has a 50
percent working interest in the Longview well with up to six additional
horizontal offset locations in the Lower Cotton Valley Taylor
Sandstone reservoir. The company also holds deep rights for the
Bossier and Haynesville shale plays in the area which
could hold future potential as deeper gas development continues in
East Texas.
Marcellus Play, Pennsylvania
At the Daniel Prospect in Cameron
County, Pennsylvania, the J-W Operating Company-operated
Pardee & Curtin Lumber Co. C-9H horizontal Marcellus completion
tested gas at an initial rate of 2,688 thousand cubic feet per day
(mcfd) through a 30/64-inch choke at a flowing pressure of 1039
pounds per square inch. The company has a 50 percent working
interest in the 9H well and approximately 22,937 gross acres in the
Daniel Prospect area. Cohort Energy and Endeavour are currently
working on an integrated development plan which would expand
existing gathering facilities and enable full development of their
joint acreage. Overall, the J-W/END joint venture has an interest
in approximately 40,000 gross acres in the Pennsylvania Marcellus
Shale play with over 300 gross potential future locations.
"We expect to continue a one rig program in the Haynesville and to drill three more Marcellus
wells this year," said Jim Emme,
executive vice president, North
America. "These efforts should result in significant
production and reserve impact in 2010."
The company also plans to continue its activities in two
frontier shale plays in Alabama
and Montana. In Alabama, the first of two vertical pilot tests
has commenced drilling.
Endeavour International Corporation is an oil and gas
exploration and production company focused on the acquisition,
exploration and development of energy reserves in the North Sea and
the United States. For more
information, visit http://www.endeavourcorp.com.
Certain statements in this news release should be regarded as
"forward-looking" statements within the meaning of the securities
laws. These statements speak only as of the date made. Such
statements are subject to assumptions, risk and uncertainty. Actual
results or events may vary materially. The estimates of recoverable
resources per well and completed well costs included herein are
based upon other typical results in these shale plays and may not
be indicative of actual results.