Buzz,
The O&G Journal, March 3, 1997, article titled - East Texas Cotton Valley pinnacle reef E&D emerging as a hot gas play - lists in part the following players and comments.
TXO Production Co. is credited with the early Cotton Valley pinnacle reef discoveries. The 1 McSwane, 1980, was the discovery - Freestone County. Marathon inherited a significant 2D seismic database when it acquired TXO. They reworked that and existing 3D data and sparked the recent play about 3 years ago with the 1 Poth Family Trust discovery in Leon county - S and a little E of Freestone county.
Players are shown as Marathon, Amoco, American Cometra Inc. - Ft Worth, Union Pacific Resources Group Inc. (UPR) - Houston, and non-operating Houston firms T-Bar-X, American Exploration Co. (Amex), Mcnic Oil & Gas Co. - a unit of MCN Energy Group Inc. - Detroit, and Vaster Resources Inc. participating as an equity owner with Marathon.
Other companies, Broughton Associates joint venture, including general partner SK Resources Inc. and operating company Zackson Resources, United Meridian Corp (UMC), Seagull Energy Corp, Mitchell Energy, Sonat Exploration Co, and Apache, most but no all from Houston. Shell oil holds a 30,000 gross acre position in the trend. Tom Brown, Midland in joint venture with AMEX. Alone Tom Brown has rights to 75,000 gross acres.
More, Energy Arrow Exploration LLC a venture of UMC, Aspect Resources LLC, and M.B. Exploration LLC .
Others with current or past involvement Tamarack Petroleum Co., Belco O&G, And St Mary Land & Exploration. ***C Williams was not mentioned that could see...***
Operators attach many labels - impact play, 3D seismic play, expensive play, and a dangerous play. Says risked finding costs are $0.20/MCF equivalent or better offset the risks and cost of drilling.
This is somewhat like the Silurian reef play in Michigan. Many 1 well fields. Many players because no one knows where these randomly located reefs are. Lots of deal making I assume. Lots of risk for possible big rewards. Hard to bet the whole farm on any one well or area in this play - IMO.
Your map is a general good depiction of the one shown in the article. I believe that this blew my lurker cover.
Regards,
Earl |
