Kentucky USA Energy, Inc. , a development stage natural gas exploration and production company, announced today that it has reached total depth (“TD”) of 2,450 ft. on its Jimmy Jackson #1 well on its leasehold in the New Albany shale in western Kentucky. The Jimmy Jackson #1 drilling log confirms that there is approximately 158 ft. of shale formation encountered in this well between 2,150 ft. and 2,308 ft., which is showing strong gas to the surface.
In addition, the company has completed the connection of its gathering system to 16 of its wells and expects that it will have a contract executed with Seminole Energy Services LLC to purchase the production of the gas from the company’s wells shortly.
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