Signature Set To Begin Koliba Drilling

Signature Exploration and Production Corp. on Monday announced plans to begin drilling operations in the Company's Victoria County, Texas "Koliba" prospect in early 2010.

The prospect has proven, but undeveloped, reserves that are located in the North McFaddin Field, which, according to Texas Railroad Commission maps and records, hosts 87 productive oil and gas zones. This low risk prospect targets 3 Frio Sand target zones. Company President and CEO, Steven Weldon, stated, "Moving forward with our first drill stage prospect is creating a great deal of excitement and we look forward to continuing our strategy of participating in what we believe are low risk/high reward prospects."

Signature Exploration and Production Corp. is an independent energy company engaged in the exploration, development, exploitation and acquisition of on-shore oil and natural gas properties in conventional producing areas along the gulf coast of Texas.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Expertise: Floorhand / Roughneck|Roustabout
Location: Grand Junction, CO
Remote Paramedic w/ Clerking Experience
Expertise: Paramedic / Nurse|Rig File Clerk|Safety Officer
Location: GOM, TX
Casing Crew Pusher
Expertise: Floorhand / Roughneck|Roustabout
Location: Oklahoma City, OK
search for more jobs

Brent Crude Oil : $50.2/BBL 3.29%
Light Crude Oil : $47.89/BBL 3.34%
Natural Gas : $2.94/MMBtu 1.37%
Updated in last 24 hours