Northcote advances Oklahoma fracking plan

US onshore oil & gas company Northcote Energy has taken a step forward in its fracking programme in Oklahoma.Northcote is starting fracture stimulation of a third horizontal well, West Little Drum, on its 51% owned Horizon project this week.It is part of a four-well 2013 fracking programme targeting production of 250 barrels of oil equivalent per day by July 31st next year.Chief Executive Randy Connally said: "We are pleased to be commencing the third frack in the programme and to be in preparation and planning stages for the fourth."PW