Four additional wells in the Kansas Cherokee Basin Project signal progress for JayHawk Energy, Inc. (OTCBB: JYHW). The company is developing 50,000 gross acres. This brings the total to six out of a planned 20 wells for the first stage of natural gas production.
The end goal is 100 wells in the southeast Kansas location, where 95 percent of the acreage is owned by JayHawk. Average production in the wells is an initial exit rate of 26 to 30 million cubic feet per day. Current and future wells are designated to have larger compressors and expand to increased multi-zone production in each one. Acquisition of a neighboring saltwater disposal well will allow JayHawk “to fully optimize all wells” and “avoid any water handling issues in the future,” a news release states.
“We continue to take full advantage of every opportunity to expand and develop our infrastructure, while remaining steadfast in our devotion to facilitate these projects from their inception and development to the moment we start flowing gas through the pipeline,” said Lindsay Gorrill, JayHawk Energy president & CEO. “We are extremely pleased with our results as we increase daily production.”
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