Tag: WEL
Winchester Energy buoyed by rising global oil prices
Texas producer Winchester Energy (ASX: WEL) netted $503,876 in the December quarter, a result assisted by recovering global oil prices.
Its average sale price per barrel of oil was US$37.81.
Oil...
Winchester Energy starts tests on Bonus Sands play at Texas oil and gas project
Winchester Energy (ASX: WEL) will begin work this week on what it has described as a potentially “transformational” test of the Bonus Sands unit within its White Hat 3801 oil well in Texas.
The pro...
Winchester Energy targets Texas oil that previous explorers may have missed
Winchester Energy (ASX: WEL) is planning a “transformational” test of what it calls the Bonus Sands play within its White Hat oil well in Texas, United States.
The Three Fingers shale at the White ...
Winchester Energy steps up Texas production — re-entering oil well, connecting more wells for gas
Winchester Energy (ASX: WEL) will re-enter an existing oil well, White Hat 2004, by the end of the week and re-complete it for production from a previously untested zone.
The company is also moving...
Winchester Energy implements cost saving strategies for Mustang oil field
The current COVID-19 crisis and a recent collapse in oil prices has seen Australian onshore exploration and production company Winchester Energy (ASX: WEL) make moves to increase efficiencies and pres...
Winchester Energy books Permian Basin oil reserves, lifts resources
US-focused oil and gas player Winchester Energy (ASX: WEL) has announced a significant upgrade to its East Permian Basin oil reserves and resources following a recent independent estimate.
The onsh...
Winchester poised to benefit from oil price bounce with expanded production base, $5.4m in cash
Winchester Energy (ASX: WEL) has significantly expanded its Texas production base in just over 12 months as well as adding two new production horizons.
The company is now poised to benefit from imp...
Winchester Energy produces oil from White Hat 20#6, Lightning oil field advances
Texas-focused oil and gas explorer Winchester Energy’s (ASX: WEL) White Hat 20#6 well has been fracture stimulated and is now producing oil.
The well is located in Texas’ Permian Basin and effectiv...
Winchester Energy well positioned to withstand virus outbreak
Texan oil producer Winchester Energy (ASX: WEL) said it is well positioned to withstand the recent sharp drop in oil prices due to the spread of the COVID-19 virus.
It is also poised to benefit fro...
Winchester Energy confirms substantial oil and gas shows at newest well in Mustang field
Wireline logging of a newly-drilled well at Winchester Energy’s (ASX: WEL) Mustang oil field in Texas has demonstrated “good to excellent” oil and gas shows and some of the highest levels of porosity ...
Winchester Energy scoops up Bast oil field next to existing McLeod Ranch acreage
Winchester Energy (ASX: WEL) has scooped up a 92% interest in the Bast oil field in Texas’ east Permian Basin.
The acreage is contiguous to Winchester’s existing McLeod Ranch oil field and hosts th...
Winchester Energy posts increases in revenue and oil production
Texas-focused oil producer Winchester Energy (ASX: WEL) has revealed another strong period of growth for the December 2019 quarter, recording significant increases in revenue and oil production.
Th...
Winchester Energy continues Texas oil field exploration success at McLeod 17#3 well
Winchester Energy’s (ASX: WEL) exploration success has continued into the new year, with its latest McLeod 17#3 well encountering 124 feet of potential pay and “excellent” oil and gas shows.
Situat...
Winchester Energy’s latest Mustang well achieves ‘excellent’ oil and gas shows
Winchester Energy’s (ASX: WEL) latest Mustang well White Hat 39#2 has achieved “excellent” oil and gas shows, with the well now reaching its total depth and wireline logs indicating 30 feet of gross p...
Winchester Energy encounters further oil in Lightning well
Onshore oil producer Winchester Energy (ASX: WEL) has perforated an additional oil zone above the current producing intervals of the Lower Cisco sands in its Lightning discovery well in Texas.
At t...
Winchester Energy eyes December spud dates for new Lightning and Mustang oil wells
US-focused oil producer Winchester Energy (ASX: WEL) is pushing on with its Permian Basin exploration plans following a recently announced $6.4 million capital raising, with two wells expected to spud...
Winchester Energy tops up coffers to accelerate oil production and exploration in Permian Basin
Winchester Energy (ASX: WEL) will raise $6.4 million to fast-track its exploration and production activity in Texas’ Permian Basin.
The company has received firm commitments to from institutional a...
Winchester Energy achieves record production high from East Permian Basin oil properties
Onshore oil producer Winchester Energy (ASX: WEL) has achieved record oil production figures from producing properties within its 17,266-acre lease position in the East Permian Basin of Texas.
Foll...
Winchester Energy confirms oil pay at White Hat 20#4 as revenue soars
Texas-focused oil explorer Winchester Energy (ASX: WEL) has confirmed oil pay at its White Hat 20#4 well within its Mustang oil field, while reporting a massive boost in revenue for the September quar...
Winchester Energy starts drilling latest Mustang development well this week
US-focused Winchester Energy (ASX: WEL) is about to start drilling its next development well on the Mustang oilfield in the Permian Basin as its other Texan oil wells continue to clean up.
The onsh...
Winchester Energy to bring Permian Basin oil wells online, lines up next Mustang spud
Onshore oil producer Winchester Energy (ASX: WEL) is preparing to spud the next well in its Mustang oilfield development plan as testing operations wrap up at its other Permian Basin wells.
The Tex...
