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Desert Mountain Energy Receives Permits to Drill Two Wells on its Oklahoma Kight-Gilcrease Property
(via TheNewswire) September 3, 2019 - TheNewswire - Vancouver, British Columbia -- D...
About this update from Desert Mountain Energy Corp.
[{"type":"text","content":"Desert Mountain Energy Receives Permits to Drill Two Wells on its Oklahoma Kight-Gilcrease Property(via TheNewswire)\n \n \nSeptember 3, 2019 - TheNewswire - Vancouver, British Columbia -- DESERT MOUNTAIN ENERGY CORP. (the \"Company\") (TSXV:DME) (OTC:DMEHF) (Frankfurt:QM01)) is pleased to announce that it has now been issued permits by the Oil & Gas Conservation Division of the Oklahoma Corporation Commission in Oklahoma City to drill two new primary wells during the next six months in the Company's Kight-Gilcrease Sand Unit oil field in Seminole County (the \"KGSU\"). The two wells permitted are the KGSU 7-2B and 7-3A, which are planned to be simple, vertical wells drilled to a total depth of approximately 2,950 ft each from sites located at an altitude of about 887 ft, relatively high on the structures which are being targeted for their potential to host reservoirs of helium, oil & gas. The wells are designed to test four stratigraphic zones known to exist in the KGSU, namely the Senora, Earlsboro, Booch and Gilcrease Sands, which are located respectively at 2490, 2620, 2670 and 2820 ft. Drilling will commence as soon as practicable after securing the requisite rigs and equipment, which are anticipated to be available in the next 60 days.\n\n \n \nThe two new wells have been located in order to test the helium potential of the KGSU following earlier findings in existing wells of helium concentrations grading up to 1.3622% He in the Gilcrease Sands (see PR dated May 13, 2019). These Helium concentrations found in other wells on the KGSU are consistent with concentrations being produced from other U.S. natural gas fields in Kansas, Oklahoma, and Texas.\n\n \n \nThe specific well locations were selected in order to test the four stratigraphic zones cited above near the highest structural points on the property, which are highly prospective for helium. In addition, they will serve as the next step forward in optimizing oil production from the KGSU. The locations of the two new wells are not within close proximity to any commercial fresh water supply, a municipal water well, nor in an area under Federal jurisdiction. \n\n \n \nApart from information garnered by the Company's testing of existing wells in the KGSU for helium content, logs from offsetting wells displayed the overall granularity and porosity requirements for p...