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Friday, August 11, 2006

Infinity's Taylor # 1-H Wellhead - Erath Co.


Denver driller's production up 60%
By DAN PILLER
STAR-TELEGRAM STAFF WRITER
Infinity Energy Resources of Denver reported Thursday that it has drilled 16 wells in the Barnett Shale natural gas formation in Erath County, achieving initial production rates averaging 1.3 million cubic feet per day.
"We're into serious field development," Infinity President James Tuell told investors and analysts. Infinity reported that its Barnett Shale production increased by 60 percent in the past three months.
The company says that it has permits to drill 30 more wells in Erath County and has identified up to 200 well sites, with emphasis on the southern half of the county.
Infinity has been one of several companies testing the western boundary of the Barnett Shale, focused on Wise, Denton, Tarrant, Johnson and Parker counties. Until now, industry opinion has been split about the viability of the Barnett Shale around Stephenville where Infinity, EOG Resources of Houston and other operators have begun to sink wells.
Tuell acknowledged that the gas yields from Erath County wells and those that Infinity is beginning to drill in Comanche County won't be as prolific as those in Johnson and Tarrant counties but that the Erath and Comanche county wells are shallower and less expensive to drill.
He said Erath County wells could be brought in for as little as $1.7 million, including fracturing and tie-ins to pipelines, versus $3 million and up for the deeper wells in the so-called "core area" of the Barnett to the east.

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