Vine Energy Inc. Drills Longest Onshore Horizontal Well in State of Louisiana
October 26 2021 - 4:15PM
Business Wire
Vine Energy Inc. (NYSE: VEI) announced today the conclusion of
the drilling phase of the longest onshore horizontal well in the
State of Louisiana.
The CHKMIN 20-29-32HC-01 ALT was recently drilled in Sabine
Parish to the Mid-Bossier formation with an estimated lateral of
15,240 feet and total measured depth of 27,520 feet. The well was
drilled in 35 days and the drilling phase cost approximately $400
per lateral foot, a Vine record for both drilling time and cost.
The well is scheduled for completion in January 2022.
Commenting on the news, David Elkin, Vine’s Executive Vice
President and Chief Operating Officer said, “I want to congratulate
the Vine team for what is quite simply a remarkable achievement
that complements the numerous, best-in-class milestones we’ve
realized since Vine’s inception. It reflects our commitment to
operational excellence, safety and sustainable value creation for
all stakeholders.”
About Vine Energy Inc.
Vine Energy Inc., based in Plano, Texas, is an energy company
focused on the development of natural gas properties in the stacked
Haynesville and Mid-Bossier shale plays in the Haynesville Basin of
Northwest Louisiana. The Company is listed on the New York Stock
Exchange under the symbol “VEI”.
On August 11, 2021, Vine and Chesapeake Energy (NASDAQ:CHK)
entered into a definitive agreement whereby Chesapeake will acquire
Vine. For more information about this transaction, visit
investors.chk.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20211026005994/en/
David Erdman Director, Investor Relations (469) 605-2480
IR@VineEnergy.com
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