Exploration & Production | Government & Regulatory
Strata-X Gets Green Light for Vail Oil Project HZ Well
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Strata-X Energy Ltd.'s application to drill a horizontal well called the Raccoon Creek #1 in the Vail Oil Project has been approved by the Illinois Department of Natural Resources.
In furthering the Company's exploration plans for the Vail Oil Project, the Company has executed a drilling contract and is currently conducting 2D seismic operations for the Well.
The Raccoon Creek #1 is expected to test the Devonian Lingle formation and is the second horizontal appraisal well for Strata-X in the Vail Oil Project. The Well is located in Clay County, Illinois northwest of the town of Flora, Illinois, approximately 7 miles northeast of the Company's first horizontal test well, the Burkett 5-34HOR. The permit issued by the Illinois Department of Natural Resources for the Raccoon Creek #1 authorizes up to the following (approximate) drilling parameters: a true vertical depth of 4,500ft, a true measured depth of 9,300ft and a horizontal leg length of 4,300ft.
In anticipation of drilling the Raccoon Creek #1, the Company is currently conducting approximately 6 miles of 2D seismic operations over the area to acquire data which will assist with the geo-steering of the horizontal leg of the Well. The Company executed a drilling contract with Les Wilson Inc. of Carmi, Illinois for the drilling of the Raccoon Creek #1. The Company expects to drill the Well after the acquired seismic data is processed and Les Wilson Inc's rig #30, which is expected to be utilized, becomes available.