Eldorado Exploration, Inc. announced today that its well in southern Illinois has commenced drilling.
The well is targeting a ‘PIP’ identified reef system that has produced oil in the surrounding area; total depth is expected to be reached within the next week.
Eldorado Exploration, Inc. is an independent oil and gas company that utilizes a process called Passive Induced Polarization ‘PIP’ to detect electrostatic signals given off of some geological anomalies. In most cases, a positive response indicates a hydrocarbon accumulation and a negative reading is almost always a dry hole. When used with the standard geological tools and methods, the PIP process enhances the odds of success for discovering oil and gas.