"Apollo has a simplistic goal: synergistic, low cost, fast paced, dynamic development of low risk energy, oil, and gas assets to quickly generate cash flow and return on investment”.
Jesse L. White, CPL
CENTRAL KANSAS UPLIFT PR JECT
Apollo has commenced an evaluation of exploration and development opportunities in the state of Kansas. Historically, Kansas has been a very prolific oil and gas producing state with cumulative production exceeding 6.1 billion barrels of oil (BBO) and 37.5 trillion cubic feet of gas. Current yearly production is approximately 33 million barrels of oil and 342 billion cubic feet of gas from over 60,000 wells. The most prolific oil reservoirs are the Arbuckle (Ordovician) and Lansing-Kansas City (Pennsylvanian) formations particularly from fields located on the Central Kansas Uplift (CKU) (see Figure 4). Arbuckle reservoirs have produced over 2 BBO statewide. Of the 31 counties in which the Arbuckle has been productive, over 70% of the production has come from 10 counties situated on the Central Kansas Uplift. The focus of Apollo’s program is to identify low risk development drilling targets together with delineating exploration prospects that have significant reserve potential. Well depths along the CKU range from 3000’-3500’ which allows drilling costs to be relatively low. This together with per well reserve potential that can exceed 100,000 BO makes the economics of this play particularly attractive. Apollo is generated roughly 40 high grade geologic prospects across three different counties on the CKU, has acquired drilling rights on the majority thereof, and will be conducting geophysical operations (3-D Seismic) on six of the prospects in the first quarter of 2009; we expect to have drill locations reading for operations by first quarter of 2010.
Figure 1- Cross section geologic view from Seward county to Smith county in Central Kansas Uplift
Figure 2- Kansas state well map.
