The agreement contemplates an initial 50 well drill program within the area of mutual interest (AMI). These wells will be drilled in several areas, including Palmetto Point; Red Bug; Tecumseh and Buffalo River. Over 7,500 miles of 2D seismic and 250 square miles of 3D seismic have already been shot. Over 100 drill targets have been identified to date.
The drilling program will be conducted by Griffin & Griffin Exploration in its capacity as operator. Griffin & Griffin of Jackson, Mississippi, has enjoyed a solid reputation as an oil and gas industry for over 40 years.
Griffin has utilized seismic "bright spot" technology, a technology providing a tool to identify gas reservoirs and to delineate the reservoir geometry and limits. Utilizing these critical factors has improved reserve estimates and the geologic success ratio that has made the Frio an economical and predictable reservoir.
The Stallion Group is an independent oil and gas company focused on developing proven energy rich areas of North America.
Most Popular Articles
From the Career Center
Jobs that may interest you