Houston-based Meridian Resource Corp. said Friday that another one of its Biloxi Marshlands wells should begin production within two weeks. Its first well began production in March and currently is producing 11.5 MMcf/d.

The No. 6-2 well at its Biloxi Marshland Project area has reached total measured depth of 11,711 feet (9,046 feet, true vertical depth). Electric logs have been run and indicate apparent pay in the targeted Cris “I” sands with an overall gross pay section of approximately 290 feet and 141 feet net pay.

Meridian’s 3-D seismic interpretations reflect a separate and distinct additional sand present and were confirmed on the electric log. Preparations for completion, using a larger tubing string for production than that used in the Biloxi No. 6-1 well, are under way with plans to place the well on production within 10-14 days. Meridian holds a 93% working interest in the well and is the operator. Other wells are scheduled in the immediate vicinity including one which will be drilled immediately after the 6-2 is on production.

The Biloxi Marshlands Project area targets the prolific Cris “I” sands, which Meridian believes have been under-drilled and under-exploited until recent discoveries in the area. Meridian has options and leases comprising approximately 200,000 acres in its Biloxi Marshland Project and plans to continue shooting additional 3-D seismic surveys in the area covering all of its acreage plus approximately 200,000 additional acres of state water bottoms. Eventually, Meridian hopes to have up to 500 square miles of new proprietary 3-D seismic data.

Meridian maintains its exploration and exploitation focus searching for new reserves in the South Louisiana and South Texas Gulf Coast region.

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