(World Oil) – AXP Power has confirmed hydrocarbons throughout a number of pay zones in its Charlie #1 properly, situated on the Edward Lease in Noble County, Oklahoma. The properly reached complete vertical depth of 4,725 ft on Sept. 22, and a full suite of wireline logs was efficiently run earlier than 5½-in. casing was set and cemented.
The logs recognized oil and fuel reveals in 4 key intervals: the Oswego Lime (3,776–3,806 ft), Mississippi Chat (4,293–4,317 ft), Mississippi Lime (4,403–4,623 ft) and Woodford Shale (4,623–4,662 ft). The Mississippi Lime confirmed essentially the most intensive presence, with hydrocarbon indicators throughout 260 ft.
Completion operations at the moment are being designed, with staged hydraulic fracturing of the Mississippi Lime set to start the week of Oct. 20, 2025. First manufacturing is anticipated by the tip of the month.
AXP Power Managing Director and CEO Dan Lanskey mentioned the corporate is concentrated on shifting shortly to deliver Charlie #1 into manufacturing. “We’re working with our contractors to design a multi-stage frac job throughout key intervals of the Mississippi Lime. This properly confirms the extremely potential nature of this formation throughout our lease holdings,” Lanskey mentioned.
The Edward Lease covers about 1,000 acres, with AXP holding 100% working curiosity and 81.25% web income curiosity. Further wells are deliberate over the subsequent 12 months to additional appraise and develop the 300-ft-thick Mississippi Lime formation, which is laterally intensive throughout the area.
The Charlie #1 properly represents an necessary step in AXP’s ongoing technique to broaden its place in Oklahoma’s mature producing basins, leveraging fashionable completion strategies to maximise recoveries from traditionally productive formations.
