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Homeland Resources Announces 50% Completion of 3D Seismic Program at Liberty Ridge Project

By Joel ScanlonApr 19 2011

Homeland Resources is now conducting a large-scale three-dimensional seismic program at Liberty Ridge project in southern Oklahoma and has almost completed 50% of the program. Therefore, the company has started a project development plan and to locate drill sites for high-priority targets.

Several high-priority sites have been recommended by efficient processing and digital modeling of the initial phase of three-dimensional seismic data at Liberty Ridge. This development plan is to immediately choose the targets in five well increments. It is anticipated to confirm the drill targets and to verify the drilling dates.

By the Liberty Ridge seismic shoot, the company expects to find atleast 50 new drill sites across the major 130 square mile parcel and likely to recover over 5 million barrels of oil. The main aim of this three-dimensional seismic program is to trace several new oil fields across the complete land site and entirely use the proprietary facts for new discoveries. This information provides high-priority drill spots to Homeland.

The company is considering that these wells would produce more than 600 barrels of oil per acre foot, based on the parallel periphery field results at Liberty Ridge. The primary oil production is more than 200 barrels of oil per well/per day.

Source:

http://www.homelandresources.com/

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

Citations

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APA
Scanlon, Joel. (2019, February 18). Homeland Resources Announces 50% Completion of 3D Seismic Program at Liberty Ridge Project. AZoMining. Retrieved on November 22, 2024 from https://www.azomining.com/News.aspx?newsID=3947.
MLA
Scanlon, Joel. "Homeland Resources Announces 50% Completion of 3D Seismic Program at Liberty Ridge Project". AZoMining. 22 November 2024. <https://www.azomining.com/News.aspx?newsID=3947>.
Chicago
Scanlon, Joel. "Homeland Resources Announces 50% Completion of 3D Seismic Program at Liberty Ridge Project". AZoMining. https://www.azomining.com/News.aspx?newsID=3947. (accessed November 22, 2024).
Harvard
Scanlon, Joel. 2019. Homeland Resources Announces 50% Completion of 3D Seismic Program at Liberty Ridge Project. AZoMining, viewed 22 November 2024, https://www.azomining.com/News.aspx?newsID=3947.