"The Lions Paw project is the first of what we see as a new paradigm in shallow horizontal drilling with longer laterals and much increased cumulative production numbers for oil in the region."
CHARLESTON, W.Va. (PRWEB) October 18, 2017
Cunningham Energy LLC recently announced a milestone 20,000 barrels of cumulative oil production on two new shallow horizontal oil wells located in Clay County, West Virginia. The two wells, King #20H & King #21H, are part of the previously announced Lions Paw Program Pad. The shallow horizontal wells were drilled to a total depth of 7000 & 6900’ respectively, making them the longest shallow oil wells to date in the State of West Virginia. “We are of the opinion that shallow horizontal drilling has just crossed into the early innings of development and shows the potential to revitalize many forgotten areas of West Virginia, along with the cities and towns that surround them,” said the company’s principal and operating partner, Ryan Cunningham. “The Lions Paw project is the first of what we see as a new paradigm in shallow horizontal drilling with longer laterals and much increased cumulative production numbers for oil in the region. We have assembled some extremely prospective blocks of acreage containing wonderful production rock,” Mr. Cunningham went on to say.
Cunningham Energy has now finished drilling the last of four wells on the Lions Paw Project, King #18H, and expects all wells to be online shortly. The company has also permitted four shallow horizontal Weir Sand oil wells, which are to be drilled in Kanawha County, near the town of Clendenin this year. These new Weir Sand horizontal oil wells will be the first of their type in West Virginia. Both “Matterhorn” and “Hammerhead” horizontal wells are targeting oil in the Weir Sand formation. Cunningham Energy also plans to utilize one of the company’s three Speedstar 185 top drive drilling rigs in conjunction with these new wells. Each well bore on this pad has been planned to be completed with multiple frac stages with varying spacing dependent on future wireline data. Ryan Cunningham further states, “The Weir Sand has shown exciting vertical logs in this area and it holds tremendous potential horizontally. Economic conditions in our industry point to lower cost production being the new normal and the Weir Sand horizontal can fit into that slot. We are economically advantaged in the Appalachian Basin for oil and gas production, with lifting costs less than $20/barrel on some of these new horizontal wells. We do not need high oil prices to achieve profitability for both ourselves and our investment partners. Our firm has been acquiring quality shallow oil and gas leases for years in anticipation of developing these plays.” Currently, the Matterhorn Project has been completely funded, with the Hammerhead nearing full funding. Productivity projections for the Weir Sandstone is comparable on a dollar to dollar total return basis with most shale oil plays in the country. Drilling is slated for early December for both projects. Cunningham Energy is continuing to advance it’s pioneering of the shallow sandstone reservoirs in West Virginia with more wells in the planning stage.
Cunningham Energy LLC is a private independent production and exploration company based in Charleston, West Virginia. The company was formed in 2008 for the purpose of acquiring, exploring, and producing oil and gas in the Appalachian, Illinois, and Williston Basins. Since inception, Cunningham Energy has relied on past experience in parallel with the application of new technologies to succeed in the ever changing field of efficient energy production.
Contact:
Jeff Vernon
Telephone: 817-370-0299
Company Relations Email: info(at)cunninghamenergy(dot)com
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