Just noticed that on 5/24/2011 STM Oil & Gas submitted
for 7 vertical drilling permits at a location that is 4.2 miles north of
Jefferson and adjacent to Hwy 59 on the west side. Is this a new area of interest
for oil/gas and does anyone have any other information for other mineral/land
owners in this play?
So this well is gas and not oil producing?
General comment, re Bachtell
If they are looking to develop the area, I'd say there is a good chance "something" is there. They are very hands on, and since it is their money on the line, reasonably risk averse. My guess is that if it is gas they are looking for, it is wet gas.
Excerpt from jffree1"s "East Texas Drilling Report 7-10-11".
Pegasi Operating completed the Norbord Well No. 11 to 7,005 feet 1.2 miles northwest of Jefferson in the Rodessa Field. On a 14/64-inch choke the well potentialed 3.409 million cubic feet of gas. Production is in the Norbord-Travis Peak.
The Keahey Gas Unit Well No. 1 was completed to 11,000 feet 4.6 miles northwest of Jefferson in the Rodessa Field by Bachtell Oil & Gas. The well potentialed 631,000 cubic feet of gas on a .75-inch choke. Production is in the Cotton Valley Consolidated.
The rig "Energy Drilling #2" is on the G-1 #1