New permit recently approved for M.E. Operating & Services to drill on the J. Sullins Survey in NW Shelby Co a few miles NW of Teneha.

W-1 Permit:
http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPubli...

A few interesting items:

Petrohawk recently had a permit a few months ago for this same unit. Wondering if they are going JV together or perhaps Petrohawk sold or is farming operations out to ME?

The application is listing multiple target formation for both NG and Oil at this drill site.

Permitted to 11,500' and listing the following targets on the application:

a. Wildcat: assuming that will be for Haynesville
b. Davsun (Paluxy): Gas reserve / haven't seen these before in Shelby permits has anyone else?
c. Tenaha Glen Rose: Oil or Gas
d. Teneha Jurassic: Gas
e. Teneha South (Cotton Valley): Gas
f. Teneha SW (Travis Peak): Gas

Would be pretty interesting to see this produce in multiple formations.

Anyone know of other proven wells in this region at the moment where these multiple formations are producing or tested?