Testing geopressured geothermal reservoirs in existing wells: Detailed completions prognosis for geopressured-geothermal well of opportunity, prospect #1

This prospective well of opportunity was originally drilled and completed as a gas producer by Wrightsman Investment Company in early 1973. The original and present producing interval was from 15,216 to 15,238 feet. IMC Exploration Company, Inc. acquired the property from Wrightsman and is the present owner operator. The well is presently shut in s a non-economic producer and IMC proposed to perform plug and abandonment operations in April, 1980. This well has a good geopressured-geothermal water sand behind the 5-1/2 inch casing that has 94 feet of net sand thickness. Pursuant to DOE/NVO authorization of March 11,1980, Eaton negotiated an option agreement with IMC whereby IMC would delay their abandonment operations for a period of 90 days to permit DOE to evaluate the well for geopressure-geothermal testing. The IMC-Eaton option agreements provide that IMG will delay plugging the well until June 15, 1980. If Eaton exercises its option to acquire the well, IMC will sell the well bore, and an adjacent salt water disposal well, to Eaton for the sole consideration of Eaton assuming the obligation to plug and abandon the wells in accordance with lease and regulatory requirements. If Eaton does not exercise its option, then Eaton will pay IMC $95,000 cash and IMC will proceed with plugging and abandonment at the termination of the option period