Touchstone’s impressive start to the year with Natural Gas discovery at Cascadura-2

Canadian oil and gas drilling company Touchstone Exploration says it has made a great start to the year with the discovery of natural gas in the Cascadura-2 field.

In a media release on Thursday, Touchstone said the well was supposed to be drilled to a depth of 8,300 feet, but drilling was suspended at 7,132 feet “to preserve the substantial pay section observed in the well after high-pressure gas zones were encountered.”

Drilling samples indicated over 525 feet of sands in the targeted Herrera formation.

It said casing is being installed on the well for future production and it expects to test the well directly into the Cascadura natural gas facility in the third quarter of 2024.

Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. Primera Oil and Gas is the Trinidadian subsidiary of Touchstone.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Touchstone Exploration

More articles like this

Touchstone Exploration

Touchstone acquires Trinity Exploration in $30.1m all-stock deal

Touchstone Exploration has agreed to acquire Trinity Exploration and Production, a crude oil exploration, development and production company operating in Trinidad and Tobago, in an all-stock deal worth around $30.1m. Trinity Exploration and Production holds producing

Touchstone Exploration

Touchstone Exploration increases funding facility

Touchstone Exploration Inc (LON:TXP) has announced that, further to the announcement on March 4, 2024, Touchstone Exploration (Trinidad) Ltd., our wholly owned Trinidadian subsidiary, has entered into the third amended and restated loan agreement with our Trinidad

Touchstone Exploration

Touchstone adds wells into Ortoire and CO-1 blocks

Touchstone Exploration Inc. has drilled wells into Ortoire and CO-1 blocks onshore Trinidad and Tobago and expects to test wells in Cascadura field later in the year. Cascadura-3ST1 delineation well was spudded on Mar. 4, 2024,

Touchstone Exploration

Natural Gas price surges on supply decline forecast

Natural Gas (XNG/USD) price soars higher on Tuesday after a stellar performance on Monday, trading up nearly 3% for the week. The move comes as Bloomberg forecasts a decline in Gas supply by 4% in the coming weeks

Touchstone Exploration

Natural Gas futures gain on cold weather forecast

Natural gas futures pulled back from early highs, still ending the week’s opening session with a gain as near-term cold weather that could prevent surpluses in natural gas inventories from widening further offered some support. U.S.