Diamondback #2 Prospect
Brazoria County, TX
The Diamondback #2 Prospect is located about 46 miles south-southeast of downtown Houston, Texas and 20 miles southeast of Alvin, Texas near the intersection of Chocolate Bay and West Galveston Bay in Brazoria County, Texas. Geologically it is in the area known as Rattlesnake Mound Field.
Depth: 11,500′ TVD Untested fault block offsetting nearby analogous oil production. Defined by 3D seismic and subsurface geology it is a large 3-way fault closure that will be tested on the up-thrown side of a small cross fault across the closure. Seismic Amplitude with AVO at crest of structure enhances the play. Intermediate casing will be set at about 7700′. The Well will be drilled under a partial turnkey contract.
Objectives: The Primary objectives are the Frio Big Gas Sand and Grubbs Sands. The Big Gas sand has 39′ of porosity down dip in the General Crude #2 Martin Fee. Both sands have produced 543.3 MBO + 4.54 BCF of the north in Pegasus Gulf Coast Field drilled by Tepco/Kiawah in the early 90’s.
South Texas Spartan #1
Live Oak County, TX
The purpose of the Spartan Prospect is to evaluate the productive potential of the Yegua and Pettus Sand formations in the Dinero Field in Live Oak County, Texas. Thousands of oil and gas completions have been successful in these sand formations in the immediate area and have produced well over 100 million barrels of oil on trend in South Texas. Most wells in the Dinero Field were drilled in the late 80’s and 90’s without the use of 3-D Seismic data. Due to the advanced imaging technology provided by the 3-D, previously unknown fault blocks have been identified with analogous seismic response and trap as offset productive wells.
The Spartan is a multi-objective prospect with productive analog wells surrounding it. The prospect has a brighter AVO signature than the productive offset well which correlates to having a thicker pay section throughout the data set as well as being up-dip from a productive well. The prospect also has a larger acreage size than the offset wells which will lead to a greater accumulation of hydrocarbons.
Closed for Investments
Brazoria #1
Property Highlights
The primary objective is the Frio A Big Gas Sand that has recently been found to be oil productive in the Analog well #1 (212 MBO + 3.5 BCF) and the #2 & #3 analog wells (456 MBO +1.9 BCF). The #4 Analog well directly South of the Brazoria #1 has recently been drilled and completed at the rate of 624 BOPD + 182 MCFD. This is significant as it has proven that a fault closure on this structure can produce whether it has a seismic amplitude of not. In fact the less amplitude, the lower gas to oil ratio.
The proposed location is immediately up thrown to the key 150’ fault that cuts recently drilled analog well below the Big Gas Sand. The prospective trap is supported by 3D seismic, fault cut in the Nearby well, excellent porosity and permeability, and analogous production demonstrated nearby. This is a very similar trap of the three nearest wells that have each produced over 200 MBO, with the new oil discovery just beginning to produce over 600 BOPD.
Closed for Investments
