Jericho Oil Corp. (JCO:TSX.V; JROOF:OTC) just made available on its website the first in a series of analyses on the North STACK oil and gas play in Oklahoma's Anadarko Super Basin.
Jericho's lead geologists Shane Matson and Ron Haveman collected and analyzed data on the Sooner Trend Oil Field Anadarko Basin Canadian and Kingfisher Counties (STACK) to help the company select acquisition targets there. "Well performance, overlaid with Ron's amazing data analytics, provides a robust data set allowing a fast and deep dive into one of the most active onshore oil and gas plays in the United States," said CEO Brian Williamson.
The investigative team created a way to accurately assess where companies were "landing their laterals" and what types of rock they were targeting. "Both of these data points are critical to the foundation of understanding how wells were drilled, stimulated and ultimately the impact on results as the company moves into horizontal development," Williamson added.
The geologists' focused primarily on the Osage to Meramac aged chert and lime deposits. Based on the results of their work there, Jericho "made an entry" into the STACK via a joint venture in 2017, which provides it exposure to both "oil-prone" formations.
Today, Jericho has in interest in about 16,000 acres in the North STACK and aims to increase that position. "We look forward to the selection of future STACK locations," noted Williamson.
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