Approx. 50% non-op Working Interest. Seeking Accredited Investors only (no brokers please).

The Silverado Oil Prospect is a 160 acre highside fault closure that will test the Yegua-2 oil sand and develop the Yegua 4A, 4B and 7 gas/condensate reservoirs to a total depth of 6400’. The shallower Miocene and Frio sands will also provide additional upside potential and are found to be commercially productive in a number of nearby wells.
This is a low cost, multiple well drilling opportunity which offers substantial yegua-2 oil potential combined with the development of the Yegua 4A, 4B and 7 high BTU, gas/condensate reservoirs. Silverado is a well defined prospect using precise geologic control, 3D seismic data, and offers further hydrocarbon confirmation utilizing landsat 8 spectral hydrocarbon analysis in conjunction with remote sensing technology.
The primary objective of this prospect is to drill a commercially successful well by developing the updip reserves of the Yegua 4A, 4B and Yegua-7 proven productive reservoirs while providing significant additional oil potential in the regionally productive yegua-2 oil sand.
The Silverado oil and gas drilling project is located on a 160 acre lease tract situated 70 miles west, then 25 miles south, of downtown, Houston, Texas. The Proposed well site is located in the wooded and rolling open pasture lands of southeast central Texas just south of Columbus, Texas.
A 6,400’, no-pipe, normally pressured well is proposed to test the complete strati-graphic section of the Yegua formations.

Posted Sep 21, 2016

Did you know that social networking is a great way to buy a business? Sign up now and we'll show you how.

By clicking "Sign Up" you confirm that you accept the Terms of Use and Privacy Policy, including cookie use.

Disclaimer: MergerNetwork has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.