Braune Strawn Sand Development – Young County, Tex
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Short Summary:
Development of a 160-acre oil and gas lease in Young County, Texas, targeting multiple Strawn Sand reservoir intervals. Spectral sensing and soil-gas analysis have identified prospective locations across the acreage, supported by information from two
Region:
North America
Country:
United States of America
Project Type:
Project Phase:
Deal Type:
Commercial Summary:
The project offers participation in the phased development of an onshore US oil project targeting Strawn Sand reservoirs beneath a 160-acre lease. The first phase comprises drilling and completing two permitted wells at an estimated cost of US$700,000. Subject to results, the development may be expanded to approximately ten wells for total funding of up to US$12 million. The project owner estimates recoverable reserves of approximately 3.4 million barrels across the proposed ten-well programme. This is a management estimate and should not be presented as an independently certified reserve figure.
Size and Structure of deal:
The project offers participation in the phased development of an onshore US oil project targeting Strawn Sand reservoirs beneath a 160-acre lease. The first phase comprises drilling and completing two permitted wells at an estimated cost of US$700,000. Subject to results, the development may be expanded to approximately ten wells for total funding of up to US$12 million. The project owner estimates recoverable reserves of approximately 3.4 million barrels across the proposed ten-well programme. This is a management estimate and should not be presented as an independently certified reserve figure.
