The #2 Double-H continues the series of development wells planned for the Rooney property in Ford County, Kansas and is being drilled as a direct offset to the #1 Double-H.
The well targets the newly discovered reservoir estimated to contain in excess of 3 million barrels of oil at a location that maximizes the thickness of both Mississippian and Morrow sand. The #2 Double-H will be drilled to 5,400ft, thereby matching the total depth (TD) of the #1 well.
It is expected to take approximately seven days to reach the TD after which any encountered oil shows will be drill stem tested. Well completion is anticipated as the #2 Double-H sits in close proximity to the discovery well.
The initial discovery well, #24-1 Double-H commenced commercial production in January. The potential barrels of oil associated with the discovery well and underlying oil pool are currently estimated at 500,000 barrels and the company feels the potential for the newly discovered reservoir is 3,000,000 barrels of oil.
The company and partners have developed a plan that includes drilling 10 target locations by the end of the fourth quarter of 2010 at a planned drilling schedule of approximately one new well per month, depending on rig availability. The operator of the project is S&W Oil & Gas of Wichita, Kansas. The purchaser of the oil production at Rooney is NCRA of McPherson, Kansas.
