Sapphire Joint Venture
This Joint venture involves the drilling and completion of Three horizontal wells with Helmerich & Payne as the Operators.
Sapphire Joint Venture
This Joint venture involves the drilling and completion of Three horizontal wells with Helmerich & Payne as the Operators.
Key facts
Prospect:
Location:
Basin:
Wells:
Ownership:
Principal activities:
Operator:
Sapphire Joint Venture
Weld County, Colorado
Denver-Julesburg Basin
Parker Heirs I , Parker Heirs 2, Parker Heirs 3.
80% Shell
Drilling, Transporting and refining Crude oil to manufacture petroleum and Chemical products.
Helmerich & Payne.
| Prospect: | Sapphire Joint Venture | |
|---|---|---|
| Location: | Weld County, Colorado | |
| Basin: | Denver-Julesburg Basin | |
| Wells: | Parker Heirs I , Parker Heirs 2, Parker Heirs 3. | |
| Ownership: | 80% Shell | |
| Principal activities: | Drilling, Transporting and refining Crude oil to manufacture petroleum and Chemical products. | |
| Operator: | Helmerich & Payne. |
Project overview
The Sapphire Joint Venture involves the drilling and completion of Three Horizontal wells ( Parker Heirs 1, Parker Heirs 2, Parker Heirs 3 ) with Helmerich & Payne as the operators.
To date, Helmerich & Payne has drilled and completed over 358 successful wells in Colorado, with strong well and increasing production results due to technology advancements in drilling and completion.
Which is currently rated as the second-most economic oil shale resource play in the united states and it is considered a very low geologic risk drilling opportunity in an established oil-rich field.
Project location
Located in Weld County, Colorado, the Northeastern region of Denver-Julesburg Basin.
Wells
Parker Heirs 1
Rig No:
475
Basin:
Operator:
DJ Basin
Helmerich & Payne
Joint Venture:
Location:
Sapphire Joint Venture
Weld County, Colorado
Parker Heirs 2
Rig No:
317
Basin:
Operator:
DJ Basin
Helmerich & Payne
Joint Venture:
Location:
Sapphire Joint Venture
Weld County, Colorado
Parker Heirs 3
Rig No:
217
Basin:
Operator:
DJ Basin
Helmerich & Payne
Joint Venture:
Location:
Sapphire Joint Venture
Weld County, Colorado