Project Profile
Location: Oklahoma, USA
Area: over 3,500 acres
Start-up year: 2013
The Bale Creek Area of Mutual Interest (AMI) covers a contiguous area of over 3,500 acres. It is located within a very prolific oil system of multi-pay potential from as many as eight stacked reservoirs, from the Ordovician up to the shallower Permian formations. The project development plan consists of two phases. The first step in Phase 1 involves acquisition and interpretation of new 2D and 3D seismic data. Based on the tightly-controlled interpretation, a pilot hole will be drilled and logged to determine the most promising of all the potential productive zones. The next step will be to drill three horizontal wells into the selected zone and to install the necessary production and transmission facilities. Permitting and leasing activities for Phase 1 are currently under way, and drilling of the first well is scheduled to start in the fourth quarter of 2011. Phase 2 of the Bale Creek project will include up to four more horizontal wells plus additional production and transmission facilities. Nostra Terra and Pathfinder expect to be in a position to make the final determination on Phase 2 in the first half of 2012.
Operator:
Nostra Terra: 30% interest
Pathfinder Development Capital, LLC: 70% interest