Extreme Shallow Oil at 400 to 500 ft. 11 to 14,000,000 BBLS per 640 acres.
1700 Acre Ranch goes with the deal of 50% of the minerals. there are 3600 Net Mineral acres that goes with the project, plus a shut in Ellenberger gas well that goes with the deal.
Pipeline was never run to the well. Has Bridge plug set shutting off Ellenberger. Original test was 160 MCF.
A modern frac could put this well into great production. Value of well revolves around using that gas to produce heavy oil that covers the ranch. Own your own ranch with 50% of the minerals!
Test Well drilled on the Ranch. I have the log and data. NDA required!
Update: Just drilled offset discover adding possible oil in place to 58,000,000 barrels. Hit 3rd zone!

Posted Sep 19, 2016

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