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Red Fork Energy continues Mississippi Lime drilling in Oklahoma

Red Fork Energy continues Mississippi Lime drilling in Oklahoma

Oklahoma focused Red Fork Energy (ASX: RFE) has spudded the Bunch 1-19H well in Payne County, Oklahoma, that targets the liquids rich Mississippi Lime formation.

The well will be drill to a vertical depth of about 5300 feet (1615 metres) with an estimated 4700 feet lateral in the target formation.

Red Fork has a 94% working interest in the well, which is being drilled from a location in Payne County as a horizontal Mississippi test.

Activity in the Mississipi Lime play has been picking up with Sandridge Energy (NYSE:SD) forming a US$1 billion (A$943 million) alliance with Spanish giant Repsol to develop leases within the play in northwest Kansas.  

World Oil Resources (ASX:WLR) holds a 50% stake in the Welch-Bornholdt Wherry (WB-W) field in Rice and McPherson counties, Kansas, while AusTex Oil (ASX: AOK) has a 13.73% working interest in Snake River Project, northern Oklahoma.

 

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