AXP Energy has confirmed hydrocarbons across several pay zones in its Charlie #1 well, located on the Edward Lease in Noble County, Oklahoma. The well reached total vertical depth of 4,725 ft on Sept. 22, and a full suite of wireline logs was successfully run before 5½-in. casing was set and cemented.
The logs identified oil and gas shows in four key intervals: the Oswego Lime (3,776–3,806 ft), Mississippi Chat (4,293–4,317 ft), Mississippi Lime (4,403–4,623 ft) and Woodford Shale (4,623–4,662 ft). The Mississippi Lime showed the most extensive presence, with hydrocarbon indicators across 260 ft.
Completion operations are now being designed, with staged hydraulic fracturing of the Mississippi Lime set to begin the week of Oct. 20, 2025. First production is expected by the end of the month.
AXP Energy Managing Director and CEO Dan Lanskey said the company is focused on moving quickly to bring Charlie #1 into production. “We are working with our contractors to design a multi-stage frac job across key intervals of the Mississippi Lime. This well confirms the highly prospective nature of this formation across our lease holdings,” Lanskey said.
The Edward Lease covers about 1,000 acres, with AXP holding 100% working interest and 81.25% net revenue interest. Additional wells are planned over the next 12 months to further appraise and develop the 300-ft-thick Mississippi Lime formation, which is laterally extensive across the region.
The Charlie #1 well represents an important step in AXP’s ongoing strategy to expand its position in Oklahoma’s mature producing basins, leveraging modern completion techniques to maximize recoveries from historically productive formations.
Source: Worldoil.com