The Mississippi Lime is an excellent play with sound economics.
Austin, Texas (PRWEB) March 15, 2012
Caddo Minerals, Inc, an Oil & Gas Investment firm with a focus on producing and non-producing mineral rights, royalty interest, overriding interests and working interests, acquired a number of properties in February, 2012 including an interest in Grant County, Oklahoma. Lying in the heart of the Mississippi Lime (a.k.a "Mississippian"), the interest includes one shallow producing well in the Mississippi Chat while awaiting future Mississippi Lime production. Current Mississippi Lime wells in the area have a EUR of 300 - 600 MBOE with average well costs of $2-$3MM.
"The Mississippi Lime is an excellent play with sound economics." says Caddo Minerals President, Bill Fowler.
Caddo has recently shifted much of it's focus towards more liquid rich (oil, ngls) plays like the Mississippi Lime, Eagle Ford Shale, Utica, Granite Wash and Brown Dense. "We love natural gas long term, but at today's prices we can't expect much natural gas production in the near future. The price of oil has forced many of the natural gas operators to shift towards liquid rich plays. Caddo has to follow." says Fowler.
Caddo Minerals acquires mineral rights and royalty interests from large and small mineral owners as well as geologists and land firms. With a focus on owner education, Caddo seeks to help mineral owners make the best decision for their family's future. "Most mineral owners are simply trying to understand what their mineral or royalty interest is worth. They want to get an idea of what their options are, and how Caddo will value their interest. Caddo will answer all those questions, and the owner will have all the tools they need to make a wise decision." says Fowler.
CADDO MINERALS INC.: Caddo Minerals Inc. is an Oil and Gas investment company focusing on producing and non-producing oil and gas mineral rights, royalty interest, ORRI and WI. Are you a mineral owner interested in selling mineral rights? Contact Caddo for a valuation today.
Mineral Rights for Sale? Call Caddo Minerals for an evaluation today.