Jericho’s Oklahoma operation, is a natural extension of the Company’s strategy to acquire long-life producing assets within known mid-continent legacy basins. In Oklahoma, Jericho’s primary focus is on stacked-pays. The region includes productive Pennsylvania Sands, Mississippian Lime, Devonian Woodford Shale and Silurian Hunton opportunities. Jericho’s current assets are located in Pottawatomie, Seminole, Creek, Payne, Lincoln and Osage County, OK. The Oklahoma operating team brings over 100 years of collective regional knowledge and operating experience having developed and operated all the targeted formations in the region.
Jericho’s current production is from a mix of horizontal and vertical wells. The Company sees this broader region, stretching down into Central Oklahoma and staying east of the Ridge, as a significant growth opportunity targeting horizontal production with future vertical development opportunities.