ASX-listed Incremental Oil and Gas Limited has mobilised two completion rigs to the Silvertip Field in Wyoming to continue with the recompletion work programme.
This phase of the development program is scheduled to carry out seven workovers and eight recompletions.
The well recompletions are targeting gas in the Meeteetse and Virgelle formations between 750m to 1200m) below surface which is behind existing well bores. Incremental’s capital expenditure budget for these recompletions is approximately US$35,000 per well.
Infrastructure to capture and transport the gas from the well to market is already in place.
Gas is processed at Incremental’s gas plant and delivered directly to the purchasers’ pipeline.