Covalent Energy
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| The first phase Gastem wells were located in Cherry Valley, Springfield and the Town of Maryland in rural Otsego County, New York. The well driller was ''Barber & Deline'' of Tully, NY. | The first phase Gastem wells were located in Cherry Valley, Springfield and the Town of Maryland in rural Otsego County, New York. The well driller was ''Barber & Deline'' of Tully, NY. | ||
| - | A report surfaced in June, 2009 that Covalent had recently received three new permits in the same locations previously explored with Gastem: Cherry Valley, Springfield and Maryland. These permits were for vertical Utica shale wells. The Town of Maryland permit was for a well called Ross #1 that is within a mile of Stonehouse Road and is south of the Scheckell's #1 well. It is situated near Crumhorn Mountain on the Ronald and Alberta Ross farm. Update: The Ross #1 had been spudded in mid-September, 2009 and was to be drilled to a depth of 5,000 feet. | + | A report surfaced in June, 2009 that Covalent had recently received three new permits in the same locations previously explored with Gastem: Cherry Valley, Springfield and Maryland. These permits were for vertical Utica shale wells. The Town of Maryland permit was for a well called Ross #1 that is within a mile of Stonehouse Road off Shutter Road and is south of the Scheckell's #1 well. It is situated near Crumhorn Mountain on the Ronald and Alberta Ross farm. '''''Update #1:''''' The Ross #1 had been spudded in mid-September, 2009 and was to be drilled to a depth of 5,000 feet. '''''Update #2:''''' In early October, 2009 reports circulated that apparently drillers had hit a brine pocket around 3,000 feet, and drilling mud had to be pumped down the well to power past it. The well was to be [[Hydro-fracturing|fracture stimulated]] after geotechnical and geochemical analysis of the core samples. The well had been drilled to a depth of 4950 feet and had made positive shows for gas in the targeted intervals. |
| Gastem USA, a wholly owned subsidiary of Gastem, was to develop these wells in partnership with Covalent. Both companies also planned to core the [[Marcellus shale|Marcellus shale formation]] and log all of the intervals including the ''Oneida formation''. Gastem was to be the well operator. The wells are well located in proximity to gas gathering pipeline infrastructure. | Gastem USA, a wholly owned subsidiary of Gastem, was to develop these wells in partnership with Covalent. Both companies also planned to core the [[Marcellus shale|Marcellus shale formation]] and log all of the intervals including the ''Oneida formation''. Gastem was to be the well operator. The wells are well located in proximity to gas gathering pipeline infrastructure. | ||
| Jonathan Kelafant is Covalent's President. | Jonathan Kelafant is Covalent's President. | ||
Revision as of 06:43, 8 October 2009
Here is where some info about Covalent Energy should go. This article is still a stub and needs your attention. It does not have a template and contains minimal information. Please dive in and help it grow!
Arlington, Virginia-based Covalent Energy (aka Utica Energy) is a privately held exploration and development company with a 15,000 acre leasehold in the Utica shale play in central New York state. The company drilled Utica test wells during 2007.
According to a February, 2008 press release Gastem had exercised an option agreement with Utica Energy to earn up to a 65% working interest in 27,000 acres prospective for Utica shale in New York State. September, 2009 Update: Gastem's working interest had grown to an 80% share in 35,000 acres in the area. Gastem refers to its activity as the New York State Utica Shale Project. As part of the project, Gastem was to complete and frac three vertical wells by the end of Q2, 2008 and then begin a second phase that was to include two more vertical wells and a horizontal well. The drilling was to be completed in January, 2009. Previously in 2007, Utica Energy's test well, Scheckell's #1, had encouraging results.
The first phase Gastem wells were located in Cherry Valley, Springfield and the Town of Maryland in rural Otsego County, New York. The well driller was Barber & Deline of Tully, NY.
A report surfaced in June, 2009 that Covalent had recently received three new permits in the same locations previously explored with Gastem: Cherry Valley, Springfield and Maryland. These permits were for vertical Utica shale wells. The Town of Maryland permit was for a well called Ross #1 that is within a mile of Stonehouse Road off Shutter Road and is south of the Scheckell's #1 well. It is situated near Crumhorn Mountain on the Ronald and Alberta Ross farm. Update #1: The Ross #1 had been spudded in mid-September, 2009 and was to be drilled to a depth of 5,000 feet. Update #2: In early October, 2009 reports circulated that apparently drillers had hit a brine pocket around 3,000 feet, and drilling mud had to be pumped down the well to power past it. The well was to be fracture stimulated after geotechnical and geochemical analysis of the core samples. The well had been drilled to a depth of 4950 feet and had made positive shows for gas in the targeted intervals.
Gastem USA, a wholly owned subsidiary of Gastem, was to develop these wells in partnership with Covalent. Both companies also planned to core the Marcellus shale formation and log all of the intervals including the Oneida formation. Gastem was to be the well operator. The wells are well located in proximity to gas gathering pipeline infrastructure.
Jonathan Kelafant is Covalent's President.
