Project Profile
Location: Denver-Julesburg Basin, Colorado, USA
Drilling Depth: 7,500-8,000 feet
Area: 50,000 acres
Jolly Ranch lies within the southeast flank of the Denver-Julesburg Basin, a major mid-continent hydrocarbon producing basin. The source of the produced hydrocarbons is the black organic shales that are interbedded with siliclastic and carbonate rocks. The shales at Jolly Ranch are within the oil generation window and there is reasonable certainty of reservoir and source rock continuity throughout the project area. To date, 19 wells of 7,500-8,000 feet have been drilled on a core 50,000 acre area by Nighthawk and Running Foxes, all of which have encountered multiple pay horizons.
These wells are undergoing completion operations to determine the optimum method of fraccing and several have been placed on long term production. Two wells are being utilised as water disposal wells due to their prime location thereby lowering the costs associated with water transportation. The current work programme is the undertaking of various testing and fraccing procedures on numerous shale target formations to determine the optimum production plan and also gain a greater understanding of this non-conventional play. In addition to testing, our main efforts have been focused on proving up the extent of the asset to help establish the wider project value.
Operators:
Nighthawk Energy: Operator with 50% interest
Private company: 50% interest