Project Profile
Location: Western flank, USA
Reserves: 240 million barrels original oil in place (OOIP)
Drilling Depth: 3,500 to 5,000 feet
Reserves: 240 million barrels OOIP
Production: 4.3 billion barrels of oil
Strata-X completed an extensive in-house analysis of a highly productive onshore USA basin earlier in 2012. The results of this technical work led to the identification of an unconventional continuous oil field in a dolomitic reservoir, referred to as the Vail Oil Project, which is interpreted to extend over an area of approximately 600 square miles. The Project is located on the western flank of the basin at depths between 3,500 to 5,000 feet. Strata-X, in-house, log analysis has interpreted oil saturations in 120 historic wells that intersected the dolomitic reservoir. The numerous oil recoveries and oil shows from the reservoir supports the log analysis.
The dolomitic reservoir target of the Vail Oil Project is immediately below a world-class source rock which is interpreted to have expelled between 300 and 1,000 billion barrels of oil. To date the basin has produced about 4.3 billion barrels of oil primarily from structures above the source rock. There is 520 square mile oil accumulation interpreted between 3,500 to 5,000 feet (1,067m to 1,520m) vertical depth immediately below oil shale (light 37 degree API oil). Strata-X has 100% interest in the project and is the operator as well. Strata-X interprets the target 50,000 net acres at the Vail Oil Project contains over 240 million barrels original oil in place (OOIP).
Operator:
Strata-X: Operator with 100% interest
Contractor:
Halliburton: Completion stimulation of the Burkett 5-34HOR well