Virtus Oil and Gas Corporation (VOIL) (“Virtus” or “the Company”) spud the conductor hole at the Lone Pine 34-11-5 well in Southern Utah on August 25, 2015.
Energy Drilling’s Rig 8 has been assembled onsite and initiated formal operations on August 31, 2015. As of 7:00 a.m. on September 1, 2015, the rig spud the surface hole and reached a depth of 600 feet by 6:30 p.m. the same day. Over the next five to seven days, Rig 8 will drill continue to drill towards a targeted total vertical depth of 7,000 feet.
The well’s surface casing was run and cemented in place by Baker Hughes. After the cement has set, aided by an accelerator to speed up to the process, Virtus Oil and Gas will conduct a Formation Integrity Test (FIT). This is a test of the strength and integrity of the casing cement.
Once Rig 8 reaches total depth, an additional 5 to 7 days will be required to complete the initial test well. The time it takes to complete the well is dependent on the results of potential oil shows from the Jurassic-age zones.
A new page has been created on the Virtus Oil and Gas website to keep interested parties up to date on important operational milestones. Additional images and a copy of the company’s drilling permit can be viewed below.
- Drilling Diary
- Images from Day 1 to Present day, including Rig 8 in place.
- Virtus Lone Pine State Permit
About Virtus Oil and Gas Corporation
Virtus Oil and Gas Corp. (VOIL) is a Houston-based oil and gas exploration and production company currently focused on the Parowan Project, a 55,477+/- Acre prospect targeting the Central Utah Thrust Belt. The prospect is situated near recent Utah discoveries, including Wolverine Gas and Oil’s Covenant Oil Field, which is consistent with Virtus’ strategy to acquire and develop oil and gas resources in proven, onshore basins in the United States.
