Eldorado to Test New Mexico Well

Eldorado Exploration Inc. has contracted a workover and completion rig to test 195 feet of porosity in its Mesa #1, a 7000 Ft. Roosevelt County, New Mexico well. The rig is expected to be on site on or about April 10th and the results of the tests and reserves estimates should follow in 18 - 20 days. The Mesa #1 found 90' and 80' of porosity and permeability with indications of gas in two zones and the expectation of gas with oil potential in the Granite Wash Zone at 7000' - 7025'.

The Company has two additional lease blocks totaling over 30,000 acres on PIP identified prospects located west of the 11,300 acre Mesa play.

Eldorado Exploration, Inc. is an independent oil and gas company that utilizes a process called Passive Induced Polarization 'PIP' to detect electrostatic signals given off of some geological anomalies. In most cases, a positive response indicates a hydrocarbon accumulation and a negative reading is almost 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.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Field Specialist
Expertise: Field Development|Field Service Tech
Location: Dickinson, ND
Field Technician Intern
Expertise: Field Development
Location: Charlotte, NC
United States Rock Springs: Entry Level to Senior Field Engineer - Logging
Expertise: Petroleum Engineering
Location: Rock Springs, WY
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours