Strike Energy (ASX: STX) has started fracture stimulation operations at its Wolters-1H horizontal well targeting the Lower Eagle Ford Shale in Texas.
This will be followed by flow back and production testing to test the ability of the shale to produce oil and gas in this area.
Strike participates in the Cypress Eagle Ford Shale Joint Venture in Lavaca and Fayette Counties, Texas which has 41,080 gross acres under lease (Strike’s net interest is 10,843 acres).
The leases are located on trend with highly productive fields in Lavaca and De Witt counties and are predominantly positioned in the optimum gas-condensate window.
Wells to the south have produced between 1,113 barrels of oil equivalent to 1,878boe per day.
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