Strata-X Energy (ASX:SXA) has increased oil production from its Burkett 5-34 HOR well in Clay County, Illinois as it continues to clean up.
Shares in the company should trade higher on news that the well produced 310 barrels of oil in the last 24 hours, bringing total production up to 3,050 barrels.
Oil cuts as high as 40% have been observed though it has averaged 23% over the past 6 hours.
Burkett 5-34 HOR is located in the proven and mature Illinois Basin where over 4 billion barrels of oil have been produced since 1894.
More than 140,000 wells have been drilled in the Basin with about 30,000 wells in over 600 oil fields still in production.
An electrical submersible pump has been working to reduce the fluid level on the Lingle formation in order to draw the hydrostatic pressure down in the well to a point where the Lingle reservoir can produce oil more effectively.
This has already demonstrated longer term improvement both in terms of total oil rate and oil cut.
Higher flow rates of natural gas have also been observed which is also believed to be an indication of increased oil production from the Lingle reservoir.
Strata-X plans to increase total flow form the well to achieve a rate that can be sustained and in balance with the dual reservoirs.
