One-Page Deal Sheet
Jericho Oil to Add to Kansas Position
Jericho Oil Corp Not Disclosed
Announced Date
April 23,2014
Transaction Type
Property
Location
Region
Mid-Continent
Country
United States
State
Kansas
Transaction Details: Subscribe to see
Jericho Oil Corporation has announced it has contracted a 50% interest for 160 additional development Acres in Miami County, Kansas.
This acquisition, named EKan-3, brings Jericho's total Kansas acreage position to over 2,800 acres.
The EKan-3 acreage will be included as part of Jericho's initial development program and will follow Jericho's 3-phase systematic asset development plan. Completed wells will follow Jericho's value creation strategy using 2.5 acre down spacing and a 5-spot waterflood patterns.
The recently acquired acreage is in the Paola-Rantoul Oil Field with development focused…
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