Superior eyes drilling on Oklahoma acreage

Superior Oil & Gas Co., Yukon, Okla., says at least 10 wells might be drilled to develop 1,200 acres in Nowata County, Okla., under leases it has agreed to acquire from Palmer Energy Co., Tulsa.
Jan. 12, 2006

By OGJ editors
HOUSTON, Jan. 12 -- Superior Oil & Gas Co., Yukon, Okla., says at least 10 wells might be drilled to develop 1,200 acres in Nowata County, Okla., under leases it has agreed to acquire from Palmer Energy Co., Tulsa.

Superior says the acreage is suited for further development in pay zones that include the Mississippi lime and Rowe and Mulky coal zones, which produce on offsetting acreage.

The acquisition includes three completed gas wells, which flowed on tests at rates as high as 150 Mcfd each. These wells will be connected to the Southern State pipeline 520 ft away.

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