Hurricane Lancaster shuts-in production

On 22^nd May 2020, Hurricane announced that it would be shutting in the 205/21a-7Z well at Lancaster. This follows an attempt to increase production at the well to test the viability of reaching 20,000bopd across both wells on the field.

However this attempt had led to unstable production at 205/21a-7Z caused by interference between the existing two wells. Production will now continue at 205/21a-6 only and current production is at 10,300bopd.

Hurricane will be discarding its production target of 18,000bopd for 2021 and has suspended putting out new guidance.

This is disappointing news for those who had placed bets on the risky fractured basement reservoir proposition of the company and now facing another setback.