Seisma Oil Research, LLC Announces Drilling Operations for the West Janice #1 Prospect in Yoakum County, TexasPress release June 17, 2008 Business
Seisma Oil Research, LLC, Of Boca Raton FL, Has Announced Drilling Operations For The West Janice #1 Project In Yoakum County, Texas.
Seisma Oil Research, LLC, Of Boca Raton FL, Has Announced Drilling Operations For The West Janice #1 Project In Yoakum County, Texas. This project is an 11,100 foot vertical test of the Wolf Camp Formation and the Devonian 1 and 2 formations, and it should take approximately 3-4 weeks to complete. A comprehensive project overview is available here in video format. This prospect was generated using our partners' 2-D and 3-D reprocessed seismic data, proprietary filtering process and other historical production data. It is estimated that there are reserves of 2,600,000 barrels of oil (BO) to be drawn from these fields, with an estimated flow rate of between 200 and 500 barrels a day (BOPD).
The proposed drilling location of the West Janice 1 is only seven miles west of 12 previously drilled wells that produced 24,000,000 BO for an average of 2,000,000 BO each. Only 2 miles east is the Wolf Camp Formation and its three wells that have a combined production of 1,400,000 BO. What makes these wells as productive as they are is that they sit atop structured highs, as does West Janice #1. These similar signatures are what provide additional assurances needed to drill West Janice #1. Further, the Jones #1H Well, which has previously pumped from the Devonian 2 formation averaged over 850 BOPD to start and to date has produced over 376,000,000 BO and it, too, has a similar signature.
For more information, please view the video.
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