DST2 was performed over a 12 m interval from 2834 m in the upper portion of the Lower Tsagaantsav Formation. The zone flowed oil and some associated gas to surface without the need for any artificial lift.
Drilling & production - 24 October 2019
The company has announced 3Q19 sales and revenues of US$12.8 billion, a 6% decrease compared with US$13.5 billion in 3Q18. The decrease has been attributed to a US$1.2 billion movement in dealers’ inventories.
Wilson Energy Services will pay Range a total cash consideration of US$3.6 million upon completion of the transaction.
At the end of ramp-up, production will reach a capacity of approximately 3 million m3 of gas and 3000 bpd of condensate.