Austin Exploration

 

Limited

 

 

 

 

 

 

 

 

 

 

 

 

James Aubrey and Carol Spillman Mineral Lease


  • Wells currently held - 2
  • Wells currently producing Gas - TBD when plant is back online
  • Wells currently producing Oil - 2
  • Connected to the Atmos Gas gathering Plant - Y
  • Total acreage available - 120
  • Available new drilling opportunities - >20
  • Latitude 37°07' 26.84''
  • Longitude 86° 10' 17.39"

Pay Zones Present in the Well Log

  • New Albany Shale
  • Corniferous

Images From the Lease

 

Oil Well Completion summary


August 11, 2009 - Well #1 is completed

  • The Spillman #1 well was tested on pump at a rate of 12 barrels per day.  
  • Subsequent to the initial flows a modest decline in daily production is anticipated.
  • Oil wells producing from the coniferous formation generally have a life span of 20 or more years.
  • Over 24 barrels of oil has now been collected and pumped to storage.
  • Completion work at the second well, the James Spillman #2 is currently underway.
  • Two other wells are also on schedule for completion by early September.
  • Oil sold in the month of August will deliver income to Austin in the month of September.

August 13, 2009 - Well #2 is completed

  • The Spillman #2 SRS completion procedures wrapped up today and oil is present. 
  • A tested flow rate will be reported when the 48 hour testing is completed and confirmed by the drilling company.  
  • The Spillman #2 underwent 16 successful lateral completions at lengths of 19-25 feet (5.79m-7.62m) each.