Foothills Exploration Inc. and Illinois Basin operator Benchmark Properties Ltd. have agreed to rework one well in Jasper County, IL, and drill a new one.

il basin

Through its Anaconda Energy LLC subsidiary, Foothills has a participation agreement with Benchmark to develop the Ste Marie West Prospect and to acquire a 50% working interest in the Sears-Houser #4 well. 

Foothills plans to pay 50% of the total rework and recompletion costs for the Sears-Houser well in the Aux Vase Sand. In addition, the partners have identified a multi-stacked pay location on the Ste Marie Prospect to drill to 3,500 feet with the primary objective of the McClosky Limestone.

“We are looking forward to working with our partner to identify other recompletion and infield drilling opportunities in the...