Empire Energy has been selected by a group of high net worth investors to assume the operatorship of 16 relatively new wells along with one disposal well and storage facilities located in Marion County, Kansas. The 16 wells are in varying stages of production and completion. However, all wells have been shut-in under the directions of the Kansas Corporation Commission while a legal dispute between the investors and the original operator was resolved. The investors now own and control the assets.
The project consists of a total of 2,400 acres including 3 square miles of 3D seismic data and associated process equipment. Additional acreage is available to increase the foot print depending on the success of the existing operations. The acreage overlays the existing Lost Springs Oil Field which has produced around 11MMBO and consists of a number of oil producing formations, including the Mississippi Lime, the Hunton and Viola Limestones which are all prolific oil producers. The major productive zones for the 16 wells are the Hunton and the Mississippian Lime or 'Chat' reservoirs, the later a high porosity, low resistivity chert and cherty carbonate that is highly productive in parts of Kansas and Oklahoma.