Brinx Charges Ahead in Southern Ok. Seismic Program
Brinx reported that significant progress has been made at the large-scale 3D seismic program currently underway on 83,043 acres (130 square miles) in the southern Oklahoma. Brinx and its partners anticipate that the seismic program could generate numerous high-potential drill targets and lead to multiple new oil and gas discoveries.
"Brinx has had great success drilling oil and gas targets generated by 3D seismic programs in the past and our expectations for this program are very high," said Leroy Halterman, President of Brinx Resources. "Each successful Brinx drill program in southern Oklahoma has benefited enormously from front-end investment in proprietary seismic data. The use of this new 3D seismic data will allow future targets to accurately pinpoint drill hole locations resulting in a higher drilling success ratio."
At this time, over 25 percent of the seismic program has been completed with the remainder expected to be finished within the next two months. Seismic data from the first stages of the shoot is currently being processed and modeled. Initial evaluation indicates the program has been successful and the Company reports that potential site assessments look very promising. It is expected that drilling of the first seismic anomaly target could start as early as this midsummer.
The overall scale of the southern Oklahoma seismic program is exceptionally large (83,043 acres or 130 square miles) and there is long a history of significant hydrocarbon production across the region. The data that is being acquired and process will be state of the art as compared with earlier 2-D surveys. The strategic purpose of the 3-D seismic program is to locate numerous new oil fields across the entire prospect area and fully exploit the proprietary data to develop the new discoveries.
The 3-D seismic will greatly enhance the geologist's and geophysicist's ability to identify structural features and closures and then pinpoint drill locations. Based on the results of the analogous periphery fields it is reasonable to assume that these closures depending upon the formation targeted could produce wells with oil recoveries as high as 600 barrels of oil per acre foot with initial production in excess of 200 hundred barrels of oil per well/per day.
- Brinx, Partners Complete Development Oil Well in Oklahoma (Sep 07)
- Brinx, Partners to Drill Development Well in Oklahoma (Jul 12)
- Brinx Charges Ahead in Southern Ok. Seismic Program (Mar 29)