Buccaneer to boost oil production at Pine Mills field using waterflood scheme

Australian lipid and state institution Buccaneer Energy has announced plans to beforehand the adjacent signifier of improvement successful the Fouke country of the Pine Mills tract successful Texas, US.

The institution intends to instrumentality a secondary lipid betterment strategy (waterflood) successful the Fouke area, wherever it holds a 32.5% moving interest, utilizing h2o injection.

This determination follows a method reappraisal of the Allar #1 good and the caller acquisition of adjacent acreage.

Buccaneer said that the waterflood strategy volition usage the Turner #1 and Daniel #1 wells arsenic dedicated injection points.

The 2 wells are located astatine the downdip edges of the productive reservoir interval, which the institution has identified arsenic suitable for h2o injection.

The recently acquired lease provides the indispensable locations to statesman this phase.

By injecting water, Buccaneer aims to summation reservoir pressure, which is expected to stabilise and amended lipid betterment rates from the field.

The institution has been utilizing waterflooding successful the Pine Mills portion for much than 5 decades. Primary betterment successful the country reached 333,851 barrels (bbl) of lipid arsenic of September 2025.

Buccaneer estimates that the waterflood could output an further 667,000–1,002,000bbl of recoverable oil.

The Turner #1 good volition instrumentality to accumulation earlier the waterflood strategy becomes operational, providing further output during the mentation phase, the institution said.

In the Pine Mills tract and surrounding areas, superior betterment typically accounts for 5–20% of the archetypal lipid successful place, with an mean of astir 15%.

Waterflood operations person historically accrued betterment rates to betwixt 30% and 50% of the archetypal lipid successful place, according to the company.

Buccaneer expects akin improvements successful the Fouke area, with recoverable volumes projected to emergence by 2 to 3 times.

The institution plans to drill the Fouke #4 good and sidetrack the Allar #1 good aft the waterflood strategy is commissioned.

Before the commencement of h2o injection, the Texas Railroad Commission requires the instauration of a waterflood unit, comprising each leaseholders and royalty owners successful the area.

Buccaneer expects the process of forming the portion and constructing waterflood facilities to instrumentality up to six months.

Meanwhile, the institution volition reinstate accumulation from Turner #1, contributing to tract output arsenic preparatory enactment continues.

Buccaneer Energy CEO Paul Welch said: “The determination to initiate a waterflood successful the Fouke country marks a cardinal measurement guardant successful maximising semipermanent worth from our Pine Mills assets. Waterflooding has a proven way grounds successful these reservoirs, and we judge the Turner #1 and Daniel #1 wells supply perfect injection points to enactment a highly effectual betterment scheme.