El Toro Project
EnerJex's El Toro Project is located in Atascosa and Frio Counties in Texas, just south of San Antonio in the heart of one of the most productive oil regions in the world. As of December 31, 2011, the Company owned an average working interest of 46% in 5,600 acres.
EnerJex's Mississippian Project is located in Woodson and Greenwood Counties in Southeast Kansas, where the Company owned a 90% working interest in 3,000 acres as of December 31, 2011. In addition, EnerJex has an agreement in place to acquire a 90% working interest in approximately 1,300 adjacent acres upon fulfilling certain drilling milestones related to its existing acreage.
EnerJex's Rantoul Project is located in Miami and Franklin Counties in Eastern Kansas, where the Company owned an average working interest of 81% in 1,700 acres as of December 31, 2011. This project produces oil from the Squirrel formation at a depth of 600 feet. EnerJex drilled and completed 75 new wells in its Rantoul Project during 2011 with a 100% success rate.