By By Lowell McGill
The Fountain Farm oil well has been declared a “very good” producer and the Mason Property well is believed to be on track to become a producer.
Dr. Dave Bolin with the Alabama Gas and Oil Board told the Advance this week that the State well in its initial stage has a current flow of approximately 460 barrels of oil and four hundred thousand cubic feet of gas per day.
Venture Oil President, Jay Fenton, whose company is drilling the wells, echoed these figures.
The flow from new wells may sometimes fluxuate in their initial stages, according to Fenton.
Fenton said it would probably be several more days before they would know exactly “what we have” in the Mason well. He indicated that ongoing logging results and testing were ‘very encouraging’. When asked how he would compare the two wells in the matter of production he said” it is our hope the Mason well will be as good or, perhaps, better”. “Right now it is a little too early to say”, he related.
Bolin said after final readings and inspections are completed the G&OB will be asked to name a new field for the wells. “Right now the wells are described as wildcats but after they become bonafide producers they become Field Wells, Bolin added.
Speculation is now growing that possibly other drilling companies will get involved in drilling activities in this area according to one source.
Venture had drilled two non-producers prior to bringing in the State well. Fenton said they would be drilling in Conecuh County next week. Pruitt Production, which had a non-producing well north of the Mason well just off Butler Street, was issued a drilling permit for a new well in Monroe County.