Grid Petroleum, a development phase firm, has obtained notification from Progas Services, the Premont joint venture operator, that the Scorpion drilling rig #1 continues to drill the Garcia #3 well without any interruption. This well is located in the Northwest Premont field.
The property site will be drilled for five days with the help of the rig, which has attained a depth of more than 2800 ft, and so far, the rig did not create any adverse issues during the drill program. As per the expectation, the day-by-day progress at the property was slowed as the drill bit has gone through a variety of the geological formations. The company will drill the Garcia # 3 to roughly 4,000 ft of total depth or after reaching the target zones discovered in the area.
Every day, Grid will monitor circumstances and report the drilling progress. The company continues its effort to develop its business to become an operator. Therefore, Grid Petroleum Production, a subsidiary of Grid Petroleum, and its lease acquisition consultants have discovered an area of interest in order to expand a geological structure, called the West Texas Overthrust. This productive geological formation has given new traditional data analysis through the help of latest technological investigation.
New integrated geophysical studies into the prospective exploration play fields in West Texas have demonstrated compelling data that recommends that the San Marcos platform’s complete different structural history has been approved. The company continues to expand and control all upcoming drilling and exploration business.
Grid Petroleum concentrated on the purchase and expansion of low cost oil and gas prospects with the help of infield drill program for proven potential reserves found in Canada and the US.