Jericho progresses oil, gas revitalization program in Oklahoma
Jericho Energy Ventures reported initial results from its oil and gas asset revitalization program at its Oklahoma joint venture properties, led by newly appointed Director of Operations Jake Royster.
The first asset targeted in the program was the Oaktree wells in Central Oklahoma, where 30-day average production as of 15 April 2025, increased by approximately 25% compared to the prior annual daily average, rising to 50.38 barrels of oil per day (bopd) from 40.32 bopd.
JEV will evaluate each asset group, then focus on behind-pipe production potential and its inventory of drilled but uncompleted (DUC) wells within its existing asset base and fully integrated infrastructure.
As part of this process, JEV is also inventorying behind-pipe natural gas resources in preparation for powering its infield AI data centers.
Jericho’s oil and gas JV portfolio is located in the Hunton, Mississippi Lime, Woodford Shale and the Anadarko Basin STACK Play formations in Oklahoma, where it holds approximately 41,000 net acres, mostly held by production.
