Jericho Oil Corp., Vancouver, BC, along with its Oklahoma STACK joint venture partner, will further delineate and develop the STACK JV’s nearly 16,000 net acre position in the northern STACK following a successful test well of the Osage formation.
The Swordspear 23-10-15 1H well in SEC 15 T23N R10W is within the combine’s farm-in acreage on the Major and Alfalfa County border (OGJ Online, Jan. 24, 2018). After 30 days on an electrical submersible pump, the well is producing at an average rate of 400 boe/d (61% oil). Osage formation wells commonly take 60-100 days from the start of first oil to reach peak initial production, the company said, encouraged by elevated bottom hole pressure on the producing wellbore relative to expectations, which can be a key determinate for higher producing rates over time, it said. The most recent production reading is more than 500 boe/d.
The STACK JV will participate in its second Osage formation well (Trebuchet 21-23N-10W No. 1H). The well has been spaced and pooled with a preliminary spud date in late August.
The STACK JV owns a 47.5% working interest in the Swordspear well.
