Sign up Australia
Proactive Investors - Run By Investors For Investors

AusTex Oil expands Mississippi Lime gas condensate acreage in Kansas

AusTex Oil expands Mississippi Lime gas condensate acreage in Kansas

AusTex Oil (ASX: AOK) has picked up an additional 8100 acres (32.8 square kilometres) of Mississippi Lime acreage in Kansas, bringing its total holding in the Colby project in Sheridan and Thomas counties up to 15,500 acres.

It also brings the company’s total Mississippi Lime acreage in Oklahoma and Kansas up to 22,500 acres.

Historical drilling in the area has confirmed the presence of the Lansing-Kansas City, Mississippi Lime and Arbuckle Lime formations.

The Mississippi Lime has become the premier horizontal resource play in north central Oklahoma and southern Kansas, attracting companies such as Chesapeake Energy (NYSE: CHK), SandRidge Energy (NYSE: SD) and Devon Energy (NYSE: DVN).

AusTex had recently participated in two successful vertical production wells and is now involved in the first horizontal well. Additional vertical wells are scheduled to be drilled over the coming weeks.



Register here to be notified of future AOK Company articles
View full AOK profile

AusTex Oil Timeline

Newswire
March 15 2013

Related Articles

oilfield worker
September 22 2016
Export facilities will be back online ‘shortly’ and Eland expects to be quickly rewarded for its operational efforts during the downtime.
rame-energy-(Resized).png
March 18 2016
House broker Cantor Fitzgerald suggests Rame Energy's relationship with InterEnergy appears to be more than a one-off.
onshore drilling operation
May 16 2016
Wressle is expected to start production at rates of around 500 barrels of oil per day later this year, and it would deliver Union Jack Oil important cash-flows.

© Proactive Investors 2016

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.