Exploration & Production
Strata-X Gets Go-Ahead for New Albany Shale Well
Print
|
Strata-X Energy Ltd. has reported that the application to drill the Burkett 5-34HOR well in the Vail Oil Project has been approved by the Illinois Department of Natural Resources (DNR) - Mine & Minerals Division.
Drilling of the Burkett 5-34HOR well, the first appraisal well in the Vail Oil Project, is expected to begin in late June.
Strata-X currently has a 100% interest in 48,000 net acres covering the project.
The Burkett 5-34HOR well is expected to test the Devonian Lingle formation, a dolomitic reservoir which lies directly below the hydrocarbon rich New Albany Shale. This shale, which is interpreted to have expelled in excess of 300 billion barrels of oil (Lewan, et al., 2002), is the primary source of hydrocarbon generation in the Illinois basin. To date, the basin has produced…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations