Pantheon Resources completes 25-Stage frac at Dubhe-1, moves to flow testing phase

Pantheon Resources CEO Max Easley and Chief Development Officer Erich Krumanocker joined Steve Darling from Proactive to announce the successful completion of hydraulic fracture stimulation at the company’s Dubhe-1 well, marking another key milestone in Pantheon’s development program on Alaska’s North Slope. The operation, which began on September 30, 2025, involved 25 hydraulic fracture stages successfully completed over eight days—a significant technical and logistical achievement given the company’s limited prior experience treating this specific reservoir and working with a new team of contractors from Alaska, Canada, and the U.S. Lower 48. The Dubhe-1 lateral, drilled to a total measured depth of 15,800 feet, includes approximately 5,200 feet within the SMD-B target reservoir available for stimulation. The program utilized a “plug and perforate” design, with each of the 25 stages averaging 200 feet, and achieved full and efficient placement of both water and sand with no spills or safety incidents reported—an exceptional outcome for a first-time operation in this zone. With stimulation now complete, Pantheon Resources has begun preparing the well for clean-up and production testing. In the coming weeks, the team will drill out the plugs separating the fracture stages using coiled tubing, install 2-7/8 inch production tubing, and connect the well to a temporary test system to initiate flow testing. Easley and Krumanocker emphasized that the Dubhe-1 results reflect Pantheon’s growing operational capability and the quality of its technical planning and execution. The company will continue to update the market as testing progresses, in line with regulatory disclosure requirements. #proactiveinvestors #pantheonresourcesplc #mining #lse #panr #pthrf #Dubhe1 #AlaskaOil #OilAndGasDevelopment #EnergyStocks #NaturalGas #AlaskaEnergy #OilExploration #OilProduction #PantheonDrilling #InvestingInOil