Project Profile
Value: Undisclosed
Location: North Central Texas, USA
Size: 6,000 acres
The Comanche Project is a shallow horizontal oil development play analogous to recent discoveries nearby. The project targets the Pennsylvanian (Morrowan) Marble Falls Limestone (MFL) a micro-fractured carbonate on the western margin of the Fort Worth Basin. To date over 6,000 acres have been acquired representing two separate project areas under the Comanche Project – Nocona and Quanah.
Typical completed vertical wells in the area range from 40-50,000 barrels of oil equivalent (40-50 MBOE) total recoverable reserves per well. Horizontal drilling and enhanced completion operations are expected to materially increase the production rates and recoverable reserves as evidenced by recent horizontal wells drilled in the area which have produced in excess of 300-400 bopd. Production, from successful wells, is expected to be crude oil with associated high Btu gas from the Marble Falls Limestone at approximately 5,000 feet.
Operators:
Otis Energy: 12.5% working interest (Net Revenue Interest: 9.375% interest)