Rose Petroleum plc has provided an update on operations from the Gunnison Valley Unit (GVU) in Utah’s Paradox Basin.
The U.S. company has announced that the fracture characterisation study undertaken by oilfield services company Schlumberger has now been completed.
In the analysis of the proposed well GVU22-1, the models of the combined fracture sets developed in the study indicate that the well is ideally situated to capture the fold and fault-related fractures.
The study also shows that both fault and fold related fracture sets are viable from the geomechanical modelling.
The results further indicate that fractures are more intensely developed across the fold axes and are not uniformly distributed across the field area.
The study advises that the seismic attributes evaluated are likely to reflect potential fracture networks and should be used in combination with the geomechanical modelling in select areas with a higher probability of stronger fracture intensity (to assist with well location selection in the future).
Rose CEO, Matthew Idiens, said the study corroborates their internal work and is consistent with previous work performed in the Paradox Basin.
“It reinforces the assessment of the Clastic 21 reservoir as a naturally fractured reservoir and illustrates the value of drilling the 22-1 well,” he explained.
“This well has been designed to assess the commercial viability of the Clastic 21 reservoir within the GVU area, and to test the potential for 90-day initial production rates of up to 1,600 Barrels of oil equivalent per day as seen at the Cane Creek Field, south of the GVU acreage.”
More information on Rose Petroleum plc’s assets in the Paradox Basin can be found here.