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Following the successful installation of and trials with the Lorentz submersible progressive cavity pump system in multiple wells, Meridian has completed the installation of its first Lorentz system that is completely off-grid and solar-powered on a shallow well producing from Pennsylvanian-aged sandstone at approximately 675' depth in the Niagara field of Henderson County, Kentucky. Being completely severed from the electrical grid will result in significant OPEX reduction and is a step towards producing oil as sustainably as possible during the energy transition. The solar-powered Lorentz system has been successfully online and producing oil for several days now.
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Last week Meridian Resources completed the installation of two additional Lorentz submersible progressive cavity pumps in the Niagara oil field in Henderson County, Kentucky, on previously shut-in oil wells. The additional pumps will help to maximize oil production from the Willett and CD Triplett leases while minimizing operating costs and surface safety risks.
Meridian has begun planning for the installation of additional Lorentz pumps in oil wells producing from shallow Pennsylvanian sandstone formations. Some of these shallow wells do not have electricity service at the well location. However, Lorentz pump systems are so efficient that they can be designed and installed to run off a few solar panels. https://www.lorentzenergy.com/wp-content/uploads/2014/10/lorentz-energy-oil-1024x1024.jpg electric submersible progressive cavity pump installation a success for meridian resources10/21/2021 After 3 months in operation, Meridian Resources is pleased to report that the electric submersible progressive cavity pump pilot project is a success. In July 2021, Meridian installed a Lorentz electric submersible progressive cavity pump in its Willett #2 well in Henderson County, Kentucky. The 1700' deep Willett #2 well was previously an expensive well to operate using a traditional sucker rod pump and pumping unit setup, often requiring rig time for pulling and pump changes.
The Lorentz pump includes a subsurface fluid level sensor and surface controller equipment that communicates through the cellular network, which together allow for remote pump control and pump-off optimization. The Lorentz pump has resulted in continuous runtime not previously observed in the Willett #2 well along with a 75% reduction in electricity expense due to the efficiency of the progressive cavity pump and submersed motor combination. Further, the lack of moving parts and mechanical energy at or near the surface location of the well creates a significant reduction in safety risk at the wellsite. Meridian plans to replace several of its rod-pumped wells with Lorentz pumps in the spring and summer of 2022 to further exploit this technological advancement. Meridian also plans to utilize Lorentz pumps on wells undergoing major workovers, on wells being re-equipped and returned to production, and on newly drilled wells. For more information on Lorentz oil well pumping solutions, please visit https://www.lorentzenergy.com/applications/oil-pumping/. Meridian Resources has completed the installation of a Lorentz electric submersible progressive cavity pump in Meridian's Willett #2 oil well in the Niagara Field in Henderson County, Kentucky. This installation will serve as a pilot project for what Meridian believes will be a major technological advancement in artificial lift for marginal wells in the Illinois Basin.
Following a successful rework of the Carpenter 2-22 brine disposal well in September 2019 and a successful mechanical integrity test in early October 2021, Meridian Resources has received authorization to inject from the US EPA for the Carpenter 2-22 well. Meridian also completed a major pipeline reroute project near the northern terminus of its gas pipeline to reroute the pipeline to the Carpenter 2-22 well. Following successful testing of the rerouted pipeline, Meridian began sending produced brine from its oil wells to the Carpenter 2-22 well which will result in a significant reduction in monthly operating expenses.
Meridian Resources has completed the acquisition of the orphaned Carpenter 2-22 brine disposal well from the State of Michigan with plans to work the well over and return it to injection. Meridian plans to repurpose it's private gas pipeline as a brine disposal line and to complete a minor reroute near the northern terminus of the pipeline to connect it to the Carpenter 2-22 well.
Meridian has successfully returned the Wessel 2-6A well in Hillsdale County, Michigan, to production. This well had been shut in since 2012 after being considered gassed out by a previous operator. The well has been back on production for 2 weeks with production holding steady at 65 BOPD and 15 BWPD.
With an effective date of January 1, 2018, Meridian acquired 100% of the working interest and became operator of record for a producing 900-acre leasehold in near the community of Niagara, Kentucky. Six of thirty-two existing wells are producing oil, and Meridian plans to grow production by working over and returning the shut-in wells to production. The field produces from shallow (650') Pennsylvanian sandstone and slightly deeper (1650') Upper Mississippian Tar Springs sandstone. Significant development upside exists through infill drilling and waterflood implementation, which Meridian plans to commence in 2019.
Meridian resources acquires interest in proven, developed leasehold in union co., kentucky4/30/2018
With an effective date of April 1, 2018, Meridian acquired 33-1/3% of the working interest and became operator of record for a proven, developed, shut-in 240-acre leasehold southeast of Morganfield, Kentucky. Six existing wells target the Mississippian Cypress and Tar Springs sandstones and have proven further oil accumulation in the Hardinsburg and Waltersburg sandstones. Meridian plans to grow oil production by returning existing wells to production, drilling an infill well targeting the Cypress formation, and waterflooding the Tar Springs formation. Development work is targeted to commence in Q4 of 2018 or Q1 of 2019.
Following the December 1, 2017 acquisition of 12 oil wells in the southern Michigan Basin, Meridian Resources moved quickly to perform a plugback and uphole recompletion of the Gilg 1-2 well in Calhoun County, Michigan. Gilg 1-2, which targets a Silurian pinnacle reef, was originally completed in 2013 in the lowermost portion of the oil column within the Silurian Brown Niagaran reef formation. The original completion cumulatively produced approximately 60,000 barrels of oil before watering out due to a natural water drive. Meridian's recompletion of the well at the end of December 2017 involved setting a cast iron bridge plug above the original perforations, perforating a new interval at the top of the reef formation at approximately 3,100' MD/TVD, and acidizing the new completion before putting the well back on pump on January 4, 2018. Initial 30-day production for the recompletion has averaged 40 BOPD and 120 BWPD.
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