TLM has its first dedicated shale rig!Q2 Highlights for Tlm:
In Quebec, we have a rig on location recompleting the Gentilly well and are preparing to drill the first of up to four wells planned for this year.
New Growth Opportunities
- Talisman increased spending on unconventional oil and natural gas programs in North America to approximately $1.5 billion.
- The Company entered into an agreement with Hallwood Energy L.P., which provides entry into US unconventional plays and augments the Company's technical expertise.
- Talisman drilled eight operated pilot and 34 unconventional development wells, year- to- date, and plans to at least triple this drilling level in the second half of the year.
- The Company has mobilized drilling rigs in both Quebec and Appalachia
Interesting:
In Appalachia, Talisman is mobilizing its first dedicated shale rig. Partner operated results from one horizontal and two vertical wells in the shale are very promising, but still in the cleanup phase. In New York State, new legislation has been signed that permits conforming spacing units up to 640 acres for horizontal drilling into the Marcellus Shale. The State has also undertaken to update its Environmental Quality Review Act to facilitate increased activity in the shale
https://www.marketwatch.com/news/story/talisman-energy-reports-record-17/story.aspx?guid=%7B3139B52B-1825-47A0-855A-290D985BA502%7D&dist=hppr