Lexington - 500 Beiträge pro Seite
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ID: 987.627
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Nach TorrentEnergy
und StormCatEnergy
hat LexintonResources ein deutliches Nachholpotenzial
Allerdings ein hochriskantes Investment
und StormCatEnergy
hat LexintonResources ein deutliches Nachholpotenzial
Allerdings ein hochriskantes Investment
Lexington Resources, Inc., a natural resource exploration stage company, engages in the acquisition and development of oil and natural gas properties in the United States. It holds a 100% working interest in approximately 590.2 gross undeveloped acreage of a gas lease located in Pittsburg County, Oklahoma. Lexington Resources is based in Las Vegas, Nevada.
Momentan stösst Lexington auf den Widerstand
der 200 Tageslinie
Wird wohl nicht lange dauern, bis wir den Durchbrechen!
der 200 Tageslinie
Wird wohl nicht lange dauern, bis wir den Durchbrechen!
News
Lexington Resources Drills New Zone in Ellis CBM Gas Well on Coal Creek Prospect
Tuesday June 21, 9:20 am ET
LAS VEGAS, June 21 /PRNewswire-FirstCall/ -- Lexington Resources, Inc. (OTC Bulletin Board: LXRS - News; the "Company") reports that it will attempt completion of the "Bartlesville Sand" gas target zone encountered when drilling the Ellis #1-15 horizontal Coal Bed Methane ("CBM") gas target located on its Coal Creek lease in Hughes County, Oklahoma. Horizontal drilling of the CBM gas target was not completed in favor of the shallower Bartlesville Sand gas target encountered. The Company has an approximate 88.5% working interest in the well. Minority working interest partners in the well include Newfield Exploration Mid-Continent, Inc., a subsidiary of Newfield Exploration Company, and Chesapeake Exploration Limited Partnership.
Drilling on this well has encountered a shallow Bartlesville Sand gas zone that produced a significant gas flair upon testing of the zone. The zone was logged and underwent economic and geological study to assess commercial potential of the new, non-CBM gas zone. A similar flair was experienced in the same gas zone on the LEX 1, and Brumbaugh #1-10 wells.
The Bartlesville Sand gas zone is the first non-CBM gas target that has been found as part of the Company`s CBM targeted drilling program. The Company retains the ability in this well bore to continue to drill the horizontal CBM Hartshorne gas target at a future date.
The drilling of the Ellis #1-15 well follows immediately from the successful drilling of the Company`s "LEX 1" and Brumbaugh #1-10 wells located on the same prospect. The Coal Creek Prospect is the third of six leased areas that have received development drilling by the Company as part of its Arkoma Basin gas production initiatives. To date, the Company has implemented development of a total of eight wells through its contracted operator, and participated in an ninth well -- the POE 1-29 drilled by Newfield. All wells drilled to date have reached the completion stage and have been productive with immediate gas sales to market
Lexington Resources Drills New Zone in Ellis CBM Gas Well on Coal Creek Prospect
Tuesday June 21, 9:20 am ET
LAS VEGAS, June 21 /PRNewswire-FirstCall/ -- Lexington Resources, Inc. (OTC Bulletin Board: LXRS - News; the "Company") reports that it will attempt completion of the "Bartlesville Sand" gas target zone encountered when drilling the Ellis #1-15 horizontal Coal Bed Methane ("CBM") gas target located on its Coal Creek lease in Hughes County, Oklahoma. Horizontal drilling of the CBM gas target was not completed in favor of the shallower Bartlesville Sand gas target encountered. The Company has an approximate 88.5% working interest in the well. Minority working interest partners in the well include Newfield Exploration Mid-Continent, Inc., a subsidiary of Newfield Exploration Company, and Chesapeake Exploration Limited Partnership.
Drilling on this well has encountered a shallow Bartlesville Sand gas zone that produced a significant gas flair upon testing of the zone. The zone was logged and underwent economic and geological study to assess commercial potential of the new, non-CBM gas zone. A similar flair was experienced in the same gas zone on the LEX 1, and Brumbaugh #1-10 wells.
The Bartlesville Sand gas zone is the first non-CBM gas target that has been found as part of the Company`s CBM targeted drilling program. The Company retains the ability in this well bore to continue to drill the horizontal CBM Hartshorne gas target at a future date.
The drilling of the Ellis #1-15 well follows immediately from the successful drilling of the Company`s "LEX 1" and Brumbaugh #1-10 wells located on the same prospect. The Coal Creek Prospect is the third of six leased areas that have received development drilling by the Company as part of its Arkoma Basin gas production initiatives. To date, the Company has implemented development of a total of eight wells through its contracted operator, and participated in an ninth well -- the POE 1-29 drilled by Newfield. All wells drilled to date have reached the completion stage and have been productive with immediate gas sales to market
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