Nueces County, Texas approximately 9 miles southwest of Corpus Christi will be drilled vertically to approximately 8550’.
East Bishop field on an approximately 900 acre lease that is held by production.
Acreage 100 acres.
40 acres spacing.
The prospect location is in an area that has over 20 different Frio pay sands from 6000’ to 8500’.
Randy Andrews, mapped many of the main Frio pay sands, there are 5 primary payzones with another 15 secondary payzones that should be encountered.
The main overall objective of the well is the 8250’ sand. This sand is over 20’ thick.
Anticipated ultimate total production from the well should exceed 4 Billions of Cubic Feet of gas and 500,000 Barrels Of Oil.
with daily production at 30-100 Barrels Of Oil Per Day and .5 – 1.5 Million Cubic Feet Per Day.
Low production of 50 barrels of oil per day and 1 million cubic feet of gas per day at $40 oil will give you 31% return $2 gas will give you 31% totaling 62% annually.
Average for the wells being operated is 91bl of oil, 5 million cubic feet of gas per day, and 59bl of gas condensate.
80% Net Revenue Interest
PRIMARY OBJECTIVE: Dorsogna Sand, Elliott Sand, Scoggins Sand, 8200’ Frio Sand, 8250’ Frio Sand.
SECONDARY OBJECTIVES: 7 other main sands, and 8 minor sands.
$15,000 for 1% of project. $11,500 drill and test $3,500 completion
The East Bishop Field has produced over 10 Billions of Cubic Feet and 815,000 Barrels Of Oil and is still producing.
No fracking sand formation

Posted Oct 25, 2016

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