Farmout of Deep Rights Only.
Rogersville Dry Gas Area.
Room for Horizontals up to 10,000' in length.
Optimal Development from a single multi well Drilling Pad
Contiguous Boundary 1044 Acres M/L.
Thick Rogersville Section.
Upside in other formations WV deep well definition-Onondaga & Deeper.
All HBP Acreage.
100% WI 82% NRI.
Vertical Production numbers released by WV DOG from one of the Rogersville Wells "CABOT 50" has produced to sales in excess of 1/4 BCF during last 8 months of 2015, this well was rumored to have had an 8" gathering line installed to service this single well. First month production from this vertical was reported as 67,402,000 cf dry gas.
2-15-2016 Cimarex Energy in process of Completing the Bruin-Walbridge 1-H Horizontal well over 17,000' Very Large Completion 27 stages with flowback to start within the week. This is a Kentucky well between the Tug and Levisa Forks of the Big Sandy River within the deeper portion of the Rome Trough.
Should compare very well with the dry utica play.
First Year Recoverable resource from this play should be in the range of 2.8 to 4.2 BCF dry gas per well,(18-41 bcf fully developed) with drilling density of 4 to 6 wells per section.
Due to thick Section, if wells are stacked and or staggered, recoverability could increase by 2 or 3 fold.
Asking Price $50,000
Sales Available On Request
Profit Available On Request
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