Mid Con Tight Oil Play
Kimmeridge Energy is currently building a lease position in a new emerging tight oil play. The target formation is a rich shale coupled with a dolomite similar in nature to the Bakken. The shale in question is extremely rich in total organic carbon (up to 20%) and has been the source rock for nearly 5 billion barrels of conventional production in the basin. Similar to other emerging resource plays, the shale is believed to be naturally fractured and has a mineralogy that should be favorable for fracing. While the interval has not been tested with modern technology it has seen historical production from both the shale and the carbonate interval.
To date Kimmeridge has acquired rights to 40,000 acres and is actively leasing. Depending on future leasing success Kimmeridge expects to drill vertical and horizontal test wells in 2013.