Project Profile
Value: Undisclosed
Location: Southwest of Houston, Texas
Start-up Year: 2011
Oil and gas reserves: 30 billion cubic feet of gas and 540,000 barrels of oil
The Bowtie prospect is a moderately risked exploration prospect with prospective resources recently estimated by the operator at 30 billion cubic feet of gas on a high‐side resource calculation basis and approximately 540,000 barrels of oil assuming a gas oil ratio reported in a down dip well which produced from the same structure back in the early 1970s. The discovery was made in early 2011, while the structure of the formation requires three wells to produce the in‐place high‐side resource potential of the Bowtie West Prospect.
Operators:
Texakoma
Golden Gate Petroleum: 12% working interest