Buccaneer Energy targets higher output at Pine Mills through new waterflood unit

Buccaneer Energy has outlined the next phase of development at its Fouke area assets in the Pine Mills field, Texas, moving forward with a secondary recovery program following a technical review of recent drilling and newly acquired offset acreage.

The company plans to implement a waterflood scheme using the Turner #1 and Daniel #1 wells as injection wells. Located at the downdip limits of the productive reservoir, both wells are considered optimal for establishing pressure support and improving long-term recovery. Buccaneer holds a 32.5% working interest in the area.

Waterflooding has been used in the Pine Mills region for more than five decades, typically increasing recovery factors from about 15% under primary production to between 30% and 50%. Current estimates suggest the Fouke waterflood project could unlock between 667,000 and 1,002,000 additional barrels of oil, compared with 333,851 barrels recovered to date under primary production.

Before operations can begin, Buccaneer must secure approval from the Texas Railroad Commission to form a waterflood unit that includes all leaseholders and royalty owners. Establishing the unit and constructing associated facilities is expected to take up to six months.

During this preparation period, the Turner #1 well will be returned to production, adding incremental output while regulatory and engineering work progresses. Once the waterflood is online, Buccaneer plans to drill the Fouke #4 well and sidetrack the Allar #1 well.

CEO Paul Welch said the decision represents a significant step toward maximizing long-term value from Pine Mills. “Waterflooding has a proven track record in these reservoirs, and we believe the Turner #1 and Daniel #1 wells provide ideal injection points to support a highly effective recovery scheme,” he said.

Further updates will be issued as development advances.