Stable Resources is a Lubbock, Texas-based independent oil and gas development company that also is a joint venture partner in multiple wells and leases with Eldorado.
Eldorado also announced that construction of the well pad site and associated location work has been completed on the Glasscock County, Texas well. Drilling is scheduled to start during the last week of June based on rig availability. The company also will push back the start date of its Mesa well in New Mexico, until the Texas well has been drilled and evaluated. It is expected that each well should take 10-12 days to drill to total depth.
Eldorado Exploration Inc. is an independent oil and gas company that utilizes a process called Passive Induced Polarization "PIP" to detect electromagnetic signals given off of some geological anomalies. In most cases a positive response indicates a hydrocarbon accumulation and a negative reading almost is always a dry hole. When used with the standard geological tools and methods, the PIP process enhances the odds of success for discovering oil and gas.
Most Popular Articles