Our projects are carefully selected and designed to maximize returns while minimizing risk.
We conduct rigorous feasibility studies and employ the latest cutting-edge technologies and proven drilling and completion techniques to ensure our projects deliver the best possible results.
Choosing a drilling location can involve several factors, including but not limited to the production history of the surrounding leases, the proximity to other producing wells, and results from seismic imaging. One of our primary reasons for choosing to drill in Payne County, Oklahoma was our close proximity to multiple other wells, some of which are still producing hydrocarbons today. This lease sits in a historic oil-producing region and our strategy is to extract the maximum volumes of oil and gas by developing the entire oilfield and target each of the 3-4 hydrocarbon-rich payzones. There are several producing wells in close proximity to ours, targeting the same primary oil formations. This gave us a great deal of confidence when determining our drilling strategy.
After a drilling location has been determined, the next step is to construct the service road followed by the drilling pad, this enables safe transport and assembly of the rig and all other associated machinery and equipment. Drilling rigs contain several components including but not limited to the mast, which is the tall, vertical structure, the top drive, which rotates the drill bit, and the doghouse, which serves as an office or storage area.
Once the drilling pad and road are complete and the rig has been moved on-site and assembled, the next step is drilling the well. This phase can be relatively short if the wells are shallow, or it can be a fairly long process, which is typical of larger, horizontal wells and fracked wells. Our current strategy is to focus on vertical wells which consist of relatively shallow, consisting of a measured depth of approximately 3,500 ft. These wells generally speaking are quick to drill (7-10 days) and from spudding to entering the production phase can take as little as 4-5 weeks.
While drilling the well may seem like the final step, there is still significant work to be done. A drilled well is little more than a hole piercing into a subsurface hydrocarbon formation. The completion process prepares the well for production by “casing” the well, which is the process of inserting a steel pipe into the well bore to protect it from intrusion by water or sand. The next step involves pouring cement to fill the gap between the outside of the casing and the well bore, permanently holding the casing in place. Using explosives, the casing and cement are then perforated, allowing hydrocarbons to flow into the well bore. Teams will then install a “production tree” on the surface which acts as the access point for any produced hydrocarbons. The video to your right showcases our 1st Seminole County well in Oklahoma (July 2020) being completed.
The final step following completion is the production phase. This typically involves the installation of a pumpjack and requires testing and fine-tuning to optimize flow rates. The adjacent image depicts our completed ASE 1 well. The pumpjack extracts oil via the attached production tree and transports it to holding tanks (as seen in the image) to be picked up and trucked away, while natural gas is directed to our pipeline.