In Oklahoma’s SCOOP (South Central Oklahoma Oil Province), Swan has been a part of drilling 45 wells and currently has 8 more in the drilling schedule and another 10 prospects are in the works. The map below shows the locations of several drilled wells. This large concentration of wells has many advantages including preferred oil pricing, discounted water hauling rates and access to a rig year round.
The area in which we are generating prospects is a prolific producer. The seven townships where we are concentrating our efforts have produced over 550 million barrels of oil with the average well producing 129,000bbls of oil.
This year we are very excited about participating in the drilling of our first horizontal well located in the Woodford play.