Exploration & Production | Production Rates | Drilling Program
Jericho Oil Announces Phase 2 Program Results
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Jericho Oil Corporation has announced that its Phase II Development Program in Eastern Kansas is ahead of schedule, with the Company drilling 77 wells to date, 50% more than the originally scheduled drill program for Q4-2014.
On Sept. 23, 2014, Jericho announced the launch of its Phase II program, the first stage of which called for 50 producer and injector wells to be drilled and completed during Q4-2014. The targeted acreage had been significantly de-risked by the Company's Phase I drilling efforts, which made it possible for Jericho to gain valuable geological and geophysical data allowing for a more defined reservoir control and understanding of the sand bodies.
As part of Phase II, the Company has now drilled 56 new, oil producing wells and 21 new, secondary recovery injection wells…
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