Oil & Gas Firm Delineates STACK Acreage with Strong Well Results

The energy company provided an operational update on its Oklahoma projects.


Jericho Oil Corp. (JCO:TSX.V; JROOF:OTC), a 26.5% owner in the Oklahoma STACK joint venture (JV), continues delineating and derisking its acreage in the Meramec and Osage Formations. "Each well drilled has the potential to generate significant returns for our company, and with over 150 gross un-risked drillable locations, there is significant net asset value within our STACK position," CEO Brian Williamson stated in a news release. Today, the JV holds interests in four Osage and two Meramec wells.

As far as the producing operations, they are the Wardroom 13-19N-13W #1H well, which is putting out 220 gross barrels of oil equivalent per day (220 gross boe/d) in the Meramec, and the Swordspear 15-23N-10W #1H well, which is producing 351 gross boe/d.

Drilling is underway at the Valkyrie 6-19N-12W #1H well in the Meramec and the Trebuchet 21-23N-10W #1H well in the Osage.

Additionally, Jericho Oil is participating in two more Osage foundational wells, at which drilling is planned. They are the Ula 1-31H 6X7, operated by ExxonMobil's subsidiary XTO Energy, and the Hilltop 2009 1-19MH, operated by Alta Mesa Resources.

Williamson added, "We are excited to further develop our assets and hope our shareholders will realize the tremendous value inherent throughout the development process."

New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Visit source site


OilgasJericho OilUnited StatesTSXOklahomaonshore

More items from oilvoice

Cyber Security Experts Unite to Protect Europe’s Critical Industries

CS4CA Summit Returns to London this October Staying abreast of fast-paced industry developments is crucial for cyber security professionals. And while one can learn a lot from publications and social media, it's hard to beat the value of insights gained first-hand from peers. This is why 150+ IT ...

OilVoice Press - OilVoice

Posted 10 months agoPress > cybereurope

Africa E&P Summit

The organisers of the Africa E&P Summit are bringing together Africa's leading exploration companies and governments, just one of the many reasons why you should be attending frontier's event that they are organising and hosting in London at the IET: Savoy Place, 22-23 May. Over 200 key senior exec ...

OilVoice Press - OilVoice

Posted 1 year agoPress > Africasummitoil summit +2

Equinor Deepens in Offshore Wind in Poland

Equinor has exercised an option to acquire a 50 % interest in the offshore wind development project Bałtyk I in Poland from Polenergia. This transaction is a follow-up of the agreement between the two companies which came into force in May 2018 , by which Equinor acquired a 50 % inter ...

OilVoice Press - OilVoice

Posted 1 year agoPress > EquinorEquinor EnergyPoland +2

Nigeria has highest capex on crude and natural gas projects in sub-Saharan Africa Over Next Seven Years, says GlobalData

Nigeria accounts for more than 34% of the proposed capital expenditure (capex) on planned and announced crude and natural gas projects in the sub-Saharan Africa over the period 2018–2025, according to GlobalData , a leading data and analytics company. The company's report: ‘H2 2018 Production ...

OilVoice Press - OilVoice

Posted 1 year agoOpinion > GlobalDataNigeriaCrude +5

CNOOC Signs Strategic Cooperation Agreements with 9 International Oil Companies

HONG KONG, Dec. 18, 2018 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that its parent company, China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with 9 international oil companies including: Chevron, Conoco ...

OilVoice Press - OilVoice

Posted 1 year agoPress > CNOOCChina National Offshore Oil CorporationChevron +11
All posts from oilvoice