Far East Energy Updates China CBM Operations

Far East Energy Corp, operator of the Shouyang Block Coalbed Methane (CBM) Production Sharing Contract (PSC) in Shanxi Province, China, announced Wednesday that an additional 21 wells have been commenced since July 31, bringing to 74 the total number of wells spudded in 2013. Also, 32 additional wells have been fraced since July 31, bringing to 58 the number of wells fraced in 2013.

Of the 74 wells that have been spudded thus far in the 2013 drilling program, 47 are new production wells in the core 1H Production Area, and 27 are appraisal wells which have confirmed the lateral extension of the high-permeability and high gas content #15 coal seam across the Shouyang Block.

“More importantly, in terms of making progress towards significant gas production from Shouyang, as of October 29, of the 58 wells fraced this year, 51 have been production wells in the 1H Production Area, including 28 fraced since the end of July 2013. In addition, 7 appraisal wells have been fraced this year, including 4 since July 31. Twelve further wells are scheduled to be fraced over the next two to three weeks, ten of which are production wells,” the company said.

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