Dallas, TX (PRWEB) May 5, 2006
A new exciting opportunity has just been released for qualified investors to participate in the Barnett Shale oil and gas exploration and production phenomenon. A 7000+ acre project with over 4800 net acres, and potential for 30 wells (which are anticipated to pay out in just 8 months) is scheduled to commence in 2006. Although just weeks old, less than 25% working interest still remains available.
The Barnett Shale is currently productive in 15 counties throughout the Fort Worth Basin and this reservoir is now the largest producing reservoir in Texas in both volume and aerial extent. It is a blanket deposit with varying thickness throughout the region with average flow rates from recent horizontal Barnett completions in similar settings flowing as high as 6,500 MCF/day. Using an anticipated initial flow rate of 2,400 mcf/d and 24 bopd at a discount to current pricing, wells will pay out in 8 months. This project is in a desirable portion of the Barnett Shale, with all infrastructure, including pipelines, already in place. The project has the potential to become very large, with an area of mutual interest of approximately 200,000 acres.
The primary objective is at only 3,400 feet, with multiple pays from 60 to 3,600 feet. For the entire initial 30 well project (to the 100%), gross reserve potentials are estimated to be a staggering 2.5 billion ft.³ and 30,000 barrels of oil per well. All this, with well drilling costs to be manageable due to the shallow nature of these wells, makes this unconventional gas development play an exceptional opportunity.
For further information, call 1-800-310-3950 and leave your name and number. Your strictest confidence is assured.