Project Profile
Location: Matagorda Bay, Texas
Area: approx 1280 gross acres
The prospect is located approx 2 miles offshore in Matagorda Bay, Texas and is approx 1280 gross acres covering Blocks 127, 151 S/2, and 150 N/2 . Included in the acquisition are 3 existing shut-in well bores, an existing 7 mile pipeline to shore and an onshore and offshore oil/gas handling facilities.
Operators:
South Bay Resources: Operator with 77% interest
Archer Petroleum Corp.: 23% interest