Transcript Val Verde Basin Vista Grande Prospect Woodford Shale

Central Basin Platform
Midfield Prospect
Woodford Shale
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Central Basin Platform (CBP) Leasable Targets
Central Basin Platform
North
Central
 Devonian structure map
 Depth in area of interest (AOI) ranges from
10,000 – 14,000 ft.
 Midfield Prospect is divided into 3 AOI’s
 North
 Central
 South
 Land available is within volatile oil window
(≥45˚API oil)
 Total of ~118,000 acres to be captured within 3
prospect areas
 Total acreage open and/or farm-in within 3
prospect areas: 58,880 acres
South
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CBP:Midfield North - Leasable Targets
Central Basin Platform
North AOI
 Devonian Structure Map
 Depth ranges from 10,000 – 14,000 ft.
 Average thickness for Mid Woodford Shale in
AOI is 250 ft.
 ~9,920 acres can be captured throughout
Northern Midfield Prospect area
 OOIP: 40 mmbbl/section
 Potential Resource: 25 mmbbl/section
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CBP:Midfield Central - Leasable Targets
Central Basin Platform
Central AOI
Sealy
acreage
 Devonian Structure Map
 Depth ranges from 11,000 – 14,000 ft.
 Average thickness for Mid Woodford Shale in
AOI is 250 ft.
 ~39,360 acres can be captured throughout
Central Midfield Prospect area
 Sealy Acreage consists of 32 sections at
 Offered $450/acre in December for 7
sections – offer pending
 OOIP: 55 mmbbl/section
 Potential Resource: 211 mmbbls/section
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CBP:Midfield South - Leasable Targets
Central Basin Platform
South AOI
 Devonian Structure Map
 Depth ranges from 11,500 to 14,000 ft.
 Average thickness for Mid Woodford Shale in
AOI is 250 ft.
 OOIP: 25 mmbbl/section
 Potential Resource: 15 mmbbl/section
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CBP: Leasable Targets Summary
Central Basin Platform
 Total cost for land in 3 prospect areas:
$32,544,000
North
Central
 Breakdown by quarter for 2013: planning to
drill 2 wells by end of 2013 in Midfield
Prospect area
South
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CBP: Midfield Prospect - Seismic
American Geophysical
 Seismic lines available from American
Geophysical and SEI
 Data has been ordered
 3 lines have been received and
currently being interpreted
 Additional lines to be received within
next 2 weeks
 Data is being reprocessed and should
be received within 30 days
SEI
SPREADSHEET
WITH PRICES, ETC.
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