Saxon Oil Completes First Hudson Hills Well

Saxon Oil Company has successfully completed the first well in its Hudson Hills prospect. The Perrard #1, drilled to a depth of 3,900 feet and completed in the Navarro sand, has averaged 30 bbls of oil per day during its first week of production. In addition, Saxon has drilled two wells adjacent to the Perrard #1 that are in the final stages of completion.

Saxon used a new completion technique called Radial Jet Drilling in the Perrard well. This technology cuts one-inch holes approximately 300 feet horizontally into the prospective producing formation, creating a larger drainage area for the flow of oil and gas. This new technique has the potential to increase a well's ability to drain the surrounding reservoir.

"We are pleased with the initial performance of the Perrard well," said Sioux Sinnott, operations manager for Saxon Oil Company. "We feel confident radial jet drilling has had a positive effect on the well. We will monitor this well and the two adjacent wells being completed with the same technique closely over the next few months to project sustainable and ultimate oil recovery."

Saxon Oil has a 75% working interest in this shallow-depth oil prospect in south central Texas, and has leased approximately 2,000 contiguous acres surrounding these wells. Depending on the performance of the first three wells, Saxon could develop more than 40 wells in the prospect area.

Saxon Oil Company is an independent energy company engaged in the acquisition, development and production of oil and natural gas reserves. Saxon is headquartered in Dallas, Tex., with operations in Texas, Oklahoma, Louisiana, and North Dakota.


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