GERONIMO PROSPECT, DUVAL COUNTY, TEXAS
ORR ENERGY GROUP, LLC
- 300+ BCFGE potential large untested faulted anticlinal Upper Wilcox structure in central Duval County, Texas, at geopressured depths of 10000 ft to 13000 ft TVD. A high-fold Western Geophysical 3D survey was reprocessed for DHI’s and employed the latest machine learning Paradise software that pinpointed multiple stacked pays. This 6,000-acre structure measures 6 miles in length and 2 miles in width.
- Direct analogs to this prospect include NE Thompsonville, NW Rosita, Destino, Muy Grande,and East Seven Sisters Fields that have already produced over 1.4 TCFG. Individual wellbore flowrates of 20+ MMCFGD are expected and first wellbore payout @ $4 gas is nine months, future wells are six months.
- The first proposed test is a well designed to intersect 6 stacked reservoirs that correlate to the Upper Wilcox Hinnant sand pays in analog fields and will expose reserves of 20+ BCFGE in this first well. Secondary 50 BCFGE potential exists in the shallower non-pipe Queen City @ 9000 ft.
- 4400 acres gross, 3918 acres net leased under 3-5 year terms w/options to extend. An AFE estimate for the first test well is DHC : $6.3 MM, CWC : $9.4 MM for a vertical 13,300 ft. initial test well. Over 8 + development wells are envisioned on this large subsurface structural closure. 40% working interest available, operations are open.
- Trade terms: 1/8th carry thru the tanks on the first well, $1,000/ac. includes lease bonus, 3D seismic & all G&A costs, N.R.I. delivered = 75%
For more detailed information, including a formal review of the technical support data, a Non-Disclosure Agreement is required.
Please contact VP Land Tim Dowdle @ 512–576–5425 to execute the GERONIMO NDA.
PRESIDENT: BILL ORR: 512-656-9682
VP EXPLORATION: TONY MOHEREK: 512-538-7605
VP LAND: TIM DOWDLE: 512-576-5425
**THIS PROSPECT IS SUBJECT TO PRIOR SALE**
SW PIRATES COVE PROSPECT, GALVESTON COUNTY, TEXAS
HOUSTON OIL PRODUCTION ENTERPRISES, INC
- 1.41 MMBBLO Potential , 3D defined untested 75 net acre double downthrown fault block on the southwest flank of prolific High Island Field which has produced over 145 MMBO. Multi Lower Miocene ( Lenticular ) sands targeted, juxtaposed with the shale source. Targeted reservoirs are normal pressure at a TVD depth of 9900 ft. An adjacent 41 net acre untested fault block to the northwest offers an additional 768 MBBLO + potential.
- The direct fault block analog to the NE has produced over 300 MBO from these Lower Miocene, excellent reservoir-quality sands and is still actively producing.
- The first proposed test is a 3400 ft kick directional well designed to intersect 4 stacked reservoirs: 5A2, 5B1, 5B2, and the 5B3 sands. All of these zones tested oil or produced in the offsetting fault block.
- 475 acres net, State Tract lease, An AFE estimate is DHC: $ 1.7 MM, CWC: $2.1 MM for a directional 9900 ft. TVD initial test well. Two development wells are envisioned on this fault block with another well to drill on an adjacent block. 50% W.I. OPEN
- TRADE TERMS : 25% carry to casing point on the first well: $47,500 for acreage plus $150,000 for Geology and Geophysics. N.R.I. delivered 75%
- DHC : $1,659,350 , CC : $ 650,000 , G&G : $197,500 + CWC : $ 2,506,850 = 2,506,850 or $25,068 per 1% W.I.
FOR MORE INFORMATION CONTACT :
Geo Consultants: Tony Moherek: 512-538-7605
-or-
Doug Essler: 214-912-7089
John Cardwell ( President ) Houston Oil Production Enterprises Inc., Houston, Texas
512-322-0011
**THIS PROSPECT IS SUBJECT TO PRIOR SALE**