APA Corporation, alongside partners Lagniappe Alaska, LLC and Oil Search (Alaska), LLC, have announced the successful preliminary results of the Sockeye-2 exploratory well. The well encountered a high-quality reservoir with 25 feet of net oil pay in Paleocene-aged sand, exceeding expectations in terms of porosity and permeability. Additional zones of potential pay were also found, confirming the partners’ geologic and geophysical models. Wireline logging is complete, and further data collection is underway.
The Sockeye prospect is amplitude supported across 25,000 to 30,000 acres, derisking numerous additional prospects in the area. The partners are planning a flow test to confirm permeability and will provide updates as results become available. This successful well follows the discovery of oil in two separate Brookian Zones at the King Street-1 well, further highlighting the potential of the region.
Bill Armstrong, CEO of Armstrong Oil & Gas, and John J. Christmann, CEO of APA Corporation, expressed excitement about the results and the broader opportunities in Alaska. APA Corporation owns subsidiaries that explore for oil and natural gas in various regions. The company posts announcements, operational updates, and press releases on its website.
Forward-looking statements in the news release caution investors about potential risks and uncertainties that could affect actual results. APA and its subsidiaries are committed to updating stakeholders on any developments that may impact their operations. For more information, visit www.apacorp.com. For investor inquiries, contact (281) 302-2286, and for media inquiries, contact (713) 296-7276.
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