Woodbrook #2 Project - Forestar Minerals #1 well (EF VC19, LP)
Results: Tested 4 sands; Non-commercial Status: Plugged 11/2018
The Woodbrook #2 is a development new drill well offsetting a very profitable oil producer (Woodbrook #1). The first well in this “re-discovered” field, the Woodbrook #1, was drilled in 2015. Since then it produced over 60,000 barrels of oil. This well was partially drained 50 years earlier when this field was initially discovered, yet is estimated to produce 150,000 barrels of oil (in total) over its life. The Woodbrook #2 is in a better location (allowing for full 360 radial drainage), not partially drained, and even has 2 additional pay zones (red & green sands).
Funding completed June 22, 2018. Drilling began on August 8, 2018. Found 4 pay sands: blue, yellow, red, and green. Perforated and tested blue sand October 1, 2018. Blue sand was 30′ lower than expected and found only a small amount of oil before making water. Moved uphole to test the next 3 sands – yellow, red, and green. Unfortunately, none of the 4 zones were commercial. The zones were either: too deep into the water leg or too tight to produce.
Cash called investors to cover drilling overspend and completion testing of 4 sands. All sands were perforated and tested, subsequently deemed non-commercial.
The equipment was salvaged, well plugged, and site reclaimed in November 2018.
Plugged November 2018