Texhoma: Sunray to Spud Sandy Point Well


Sandy Point Prospect
(Click to Enlarge)
Texhoma Energy, Inc. is pleased to announce that the operator, Sunray Operating Company LLC ("Sunray"), has secured a drilling rig and is preparing the location for the drilling of the Sandy Point No. 3 Fite well in Brazoria County, Texas. Sunray estimates the cost to drill to 7000' to be $442,000. The cost for Texhoma's 10% working interest of $44,200 has been pre-paid.

Sunray considers this to be a high potential location with gross possible reserves of 225,000 barrels of oil and 400 million cubic feet of gas. Drilling is expected to commence by mid-November 2006.

This well will offset the Company's Sandy Point No. 1 Fite and is close to existing infrastructure for immediate production. If successful, Texhoma will be responsible for a nominal completion cost.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Drilling Engineer
Expertise: Drilling Engineering
Location: Tulsa, OK
 
3rd, 2nd, Chief Engineer Marshall Islands
Expertise: Motorman
Location: Houma, LA
 
Floorhand (Drillship)
Expertise: Derrickman
Location: Houma, LA
 
search for more jobs

Brent Crude Oil : $55.47/BBL 0.69%
Light Crude Oil : $52.48/BBL 0.30%
Natural Gas : $3.41/MMBtu 0.29%
Updated in last 24 hours