Cherokee Mississippian

MississippianMississippian Project

EnerJex’s Mississippian Project is located in Woodson and Greenwood Counties in Southeast Kansas, where the company owned an 83% working interest in 6,370 acres as of December 31, 2013. EnerJex has identified hundreds of drilling locations on this acreage and the company’s drilling success rate in this project has historically exceeded 95%. As of December 31, 2013, this project was producing approximately 200 gross barrels of oil per day from the Mississippian formation at a depth of approximately 1,700 feet.

According to the Kansas Geological Survey, the Mississippian formation has cumulatively produced more than 1 billion barrels of oil in Kansas and represents a significant portion of the state’s 47 million barrels of annual oil production. EnerJex’s acreage in this project is estimated to have produced more than 5 million barrels of oil since 1920.

 

 

 

CherokeeCherokee Project

EnerJex’s Cherokee Project is located in Miami and Franklin Counties in Eastern Kansas, where the Company owned an 86% working interest in 9,789 acres as of December 31, 2013. EnerJex has identified hundreds of drilling locations on this acreage and the company’s drilling success rate in this project has historically exceeded 95%. As of December 31, 2013, this project was producing approximately 250 gross barrels of oil per day from the Cherokee formation at a depth of approximately 600 feet.

This project is located in the prolific Paola Rantoul Field. According to the Kansas Geological Survey, this field has produced approximately 30 million barrels of oil and continues to produce more than 1,000 barrels of oil per day.