The Woodbine #Five H Prospect from BP Resources, LLC is the third horizontal well drilled by BP Resources,LLC and PMO in the area. BP Resources indicates that this field has had 35 successful wells drilled over the past 2 years and has produced 35 of those wells. It is also indicated that completion techniques contribute to the production volumes and ultimate recoveries. The Prospect effective date is indicated as June 2, 2009 and Paul Wright is noted as the company representative and the person who will be the signature on the Joint Venture Agreement.
The project indicates that one unit is a .50% working interest and a.375% Net Revenue Interest with BP Resources being the Managing Venture. The location is indicated as Madison County, Texas. Additional project details are indicated as follows:
- Woodbine #5 drilled to 8,000 feet vertical and 6,200 feet horizontal.
- Objective is Woodbine Oil Sand
- Part of a 10,000 Acre Lease
About Wayne Max
Recent Comments