Over
the past several years Swan Energy, Inc., through and alongside their strategic
partners, has benefited from a successful drilling program that targets the
Bromide formation of the McClain County.
Historical
Data Highlights of currently targeted sections in McClain County, Oklahoma:
Total
BOE
550,221,750
Wells
Drilled
4,575
Dry
Holes
33
Completion
%/(Geological
Success) 92.7%
BOE
Completion
129,708
Avg.
IP
146 BOPD
To
date Swan
Energy has drilled 17 wells in the Golden Trend, out of which 17
have found oil and/or natural gas: 12 wells are producing, and 4 close to
completion.
“I
am excited to announce the continuation of our latest exploration efforts in
the Golden Trend of Oklahoma. It is a 3-well project that will target the
Bromide formations with back up zones in the Hunton, Viola and Deese
Sands,” says CEO of Swan Energy Brandon Davis.
The
Three Queens Joint Venture will drill three wells in the exploration area,
starting with an offset to two of the better wells Swan Energy Inc. has drilled
in McClain County,
Oklahoma. The first well being offset has already made
50,000 BOE out of the 1st Bromide, and has significant reserves in
the Hunton, Viola and Hart Formations to be tapped. The second well
offsets a well that has made 12,000 BOE in the last 90 days from the
Hunton/Viola formations.
“The
Three Queen JV is getting an opportunity offset to wells we have already
drilled and had success with. Moreover Joint Venture partners have the
opportunity to come on board with Swan Energy and our operator who combined
have drilled over 35 wells in the immediate area, and have over a dozen more
wells to be drilled by the years end. This is a chance to
participate with the leaders of exploration in McClain County, OK,” said John S.
Herring, Director of Exploration, Swan Energy Inc.
