Home » NEWS » Manufacturing » Osyka completes oil well drilling

Osyka completes oil well drilling

JONES COUNTY — Osyka Corporation, a Houston-based energy company, has successfully completed its recently drilled well located in the West Laurel area of Jones County.

The well, which was completed June 14, 2010, has an average initial flowing rate of 82 barrels of oil per day and 500 MCFD of natural gas after a hydraulic frac.

Osyka Corporation, through its wholly owned subsidiary Osyka Permian, LLC participated in the completion of the Wilson 35-15 No. 1 discovery well. The exploration well was drilled to a total depth of 11,943 feet Nov. 24, 2009 and found several pay sands. Multiple tests were conducted on the well during February and March 2010.

Currently, the company has an interest in approximately 18 wells in Texas and Mississippi, with an average working interest of 70 percent.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Wally Northway

Leave a Reply

Your email address will not be published. Required fields are marked *

*