Stratex Oil & Gas Holdings Inc (STTX)

[choctaw 02]

The blue tanks (water) and the tan tanks (dirty oil) are there for frac fluid recovery and are temporary. The fluids have to be hauled away by truck because they are full of chemicals from the drilling and cracking operations. I don't know if this oil is sellable or not but if it is it isn't worth much because of its dirty condition.

All the eguipment you see in the foreground is temporary. Look at the first photo on the extreme right side and behind the blue frac tanks and you will see another set of 6 tan tanks. These will be permanent and are the first sales oil tanks, there will be more added later.

In PlatypusRx first power point presentation he said there was a copy of Whitings "Facility Permit Application". This tell me that Whiting feels that the production from this well justifies an expenditure of near $100,000,000 give or take depending on size and guantities of equipment (single or multiple trains), pipelines to turn the oil and gas into a sellable product. If there is not a water injection well available to them (contract with the owner) they will have to drill their own. This is probably another $10,000,000 or so for the holding tanks, filtration equipment, high pressure injection pumps and the well.


The facility will likely be rectangular in shape and will extend from the near side of the well to beyond the permanent oil tanks (about 900 ft long by 300 ft wide).
The distance between the well and the permanent oil tanks will be filled with processing equipment (coolers if required, 3 phase separators (water, oil,gas), heater treater's, dehydration equipment, gas compressor, pipeline pumps if there is an oil pipeline, utility and instrument gas or air system, MCC building for electrical equipment, computer control center, etc.)