AusTex reports drilling success at adams #1 well - Oklahoma

Tuesday, March 6, 2012      
  • Drilling on the Adams #1 well successfully reached a TD of 4,700 feet on Friday 2 March 2012 US Central Time and casing has been set through the Woodford Shale.

AusTex Oil Limited (ASX:AOK - OTCQX:ATXDY) announce the following update on drilling operations in Noble County, Oklahoma.

Adams #1 Well

Section 4, Township 24 North, Range 1 East

Noble County, Oklahoma

Drilling on the Adams #1 well successfully reached a TD of 4,700 feet on Friday 2 March 2012 US Central Time and casing has been set through the Woodford Shale. Drilling samples and logs confirmed that the well encountered a 310 foot gross section of the target Mississippi Lime interval with oil shows. Wireline logs indicated four separate intervals within the Mississippi Lime and Chat with porosity ranging greater than 8%.

The well is to be completed for oil production testing. AOK holds a 10% Working Interest and a 8% Net Revenue Interest in this well which is approximately 2 miles southeast of existing oil produciton on the Snake River Project owned and operated by AOK. An accellerated drilling program is scheduled to continue this month on the Snake River Project.

A number of joint ventures have been announced by other operators in recent months as the preferred method to expedite regional development as the Mississppi Lime play is derisked with consistent well success. With a view to maximising current resources, AOK continues discussions with other operators and external parties with regards to ongoing opportunities to jointly develop its projects.


Article Tags

Austex Oil Limited United States North America Operations Update

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

Related News

Join 80,000 oil and gas professionals who receive our weekly newsletter.

You may unsubscribe at any time with one click.

Upcoming OilVoice Training Course

Introduction to Oil & Gas Exploration and Production: 2-Day Course
This is a two day course, running Tuesday 15th and Wednesday 16th March 2016. Course summary This module is designed for people interested in the exploration and production of oil and gas who do not have a subsurface technical background. It provides a brief introduction to geology and geophysics f...
London - 15 Mar

Helen Turnell


Discount Code
OilVoice-10 for 10% off any course.View Course

All OilVoice Training Courses
Popular Headlines View all

Latest Opinion View all

Join 90,000 other oil and gas professionals

Network with others, build your profile, and receive the latest oil and gas news in your inbox. It's free!

Create profile

Time for a change? All jobs Jobs near you

OilVoice Training All upcoming


OilVoice, established in 2002, is your leading source of upstream news, jobs and industry information.


Each week we send our weekly industry round-up. Why not try it? You may unsubscribe at any time.

Contact OilVoice

Milton Keynes
United Kingdom
Phone: +44 207 993 5991
Contact Us

Stay Connected

2015 © OilVoice  .  Privacy Policy  .  Terms of Service  .  Oil Careers  .  Advertise with us