American Petro-Hunter, an exploration and production company, has announced the 2012 development drilling program for its Oklahoma Mississippi Lime Projects. The company has planned to drill five more horizontal wells with three on the South Oklahoma Project and two on the leased North Oklahoma Project.
The company has planned to drill one well, every alternative month, depending on the results obtained from the three previously drilled wells, where the commercial production began within 60 to 80 days. In addition, depending on the availability of partnership and the rig, many more shallow vertical offset wells may be drilled and in eight of the locations identified for drilling at Payne County lease, minimum two are scheduled to be drilled this year.
One of the three wells to be drilled at South Oklahoma Project includes the SOM-1H well. Better results are expected from the SOM-1H well, when compared to the company’s other well, NOM3H, which yielded 470 MCF gas and 230 barrels/day I.P. rates. In the SOM-1H well, over 2,000 foot lateral extensions have been planned, which will be the company’s longest lateral horizontal drilling effort. With the increase in the crude oil price, the wells are expected to yield return on investment (R.O.I.) to the company after 4 to 10 months.
Furthermore, as the vertical wells in Mississippi area are producing oil for more than 20 years, the Mississippi reservoir is also anticipated to produce oil for longer years.
The drilling at SOM-1H well was to be commenced on 23 March, 2012; however, it has been postponed for about a week due to unexpected heavy spring rains at Oklahoma and is expected to commence from 31, March 2012.
Source: http://www.americanpetrohunter.com