Opinion

Oil & Gas Company's Osage, Meramec Formation Wells Advance


This small-cap firm continues to delineate and derisk its Oklahoma STACK acreage.

Oklahoma

Jericho Oil Corp. (JCO:TSX.V; JROOF:OTC) provided an update in a news release on the progress of two Oklahoma STACK Joint Venture wells.

As for the Trebuchet 21-23N-10W #1H well, in which Jericho has a 40% working interest, drilling is underway in the lateral section, and about 90% of the planned total measured depth has been achieved.

The rate of penetration there is about 1.6 to 1.8 times that of Swordspear 15-23N-10W #1H, Jericho's initial Osage Formation well, at the same measured depth, thus decreasing the total rig days needed for Trebuchet. The increased rate of penetration is mostly due to a better "drilling-bit set-up and specific lateral geosteering," the release explained.

Next, the well will be fracture stimulated, starting in late November/early December.

The Valkyrie 6-19N-12W #1H well, in which Jericho has a 23.5% working interest, is in flowback following 35 successful fracture stimulation stages. "After only a few days on flowback, we are extremely pleased with the resulting downhole pressures and total fluid flowback," the release noted.

The company stated that it will provide further updates this year on the production of its wells.



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

https://streetwisereports.com/article/2018/11/15/o...

TSXUnited StatesUSAonshoreJericho OilOklahoma

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 2 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 6 months 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 10 months 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 10 months 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 11 months agoPress > CNOOCChina National Offshore Oil CorporationChevron +11
All posts from oilvoice