Touchstone Exploration Inc. has entered the completion phase at its Cascadura development in Trinidad, advancing a strategic portfolio shift.
In a September 29 update, the company stated that drilling at the Cascadura-4 development well, now designated Cascadura-4ST2X, was completed earlier than planned after encountering gas-charged sands. “During the pull-out, the drill string became stuck and, despite extensive recovery efforts, could not be freed,” Touchstone explained.
The company will complete the well for production using a combination of casing and the drill string, providing access to the identified gas-charged intervals.
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The primary target, the Herrera Gr7bc sands, was intersected in line with the company’s geological model. Cascadura-4ST2X is the third well drilled into the “A” block of Cascadura to encounter reservoir sands.
Completion operations on the Cascadura-5 well are set to begin immediately, with tie-in equipment already on site. Cas-4ST2X will be tied in once equipment and a service rig are mobilized. After Pad B operations conclude, the drilling rig will move to the Carapal Ridge-3 location, where site construction is about 60% complete and expected to be drill-ready by the end of October.
In parallel, Touchstone has secured a compressor for the Cascadura facility to boost natural gas processing, with project completion targeted for the second quarter of 2025. “With drilling complete on Pad B at Cascadura, we are moving rapidly into the completion and tie-in phase,” Paul R. Baay, President and Chief Executive Officer, said.
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He added, “While Cas-4ST2X presented challenges due to re-entering a previous wellbore, the systems implemented on the Cas-5 well have proven effective. We remain confident in our ability to drive repeatable cost and efficiency gains at Cascadura and across our Central block program.”
Touchstone also reported average production volumes of 5,152 barrels of oil equivalent per day in August 2025, including 21.7 million cubic feet per day of net natural gas and 1,529 barrels per day of crude oil and liquids.
The company is streamlining its portfolio through the planned divestiture of its non-core Fyzabad oil property, which averaged 37 barrels per day in August.
Under a sale and purchase agreement, the asset will be transferred to a Trinidad-based firm in exchange for three turnkey wells to be drilled across Touchstone’s WD-8 and WD-4 blocks. Two wells are scheduled to be completed before the end of the year, with a third scheduled for the first quarter of 2026. Closing is expected in the fourth quarter of 2025, pending regulatory approvals.
