Project Profile
Estimated value: US$975 million
Location: Caldwell County, state of Texas, USA
Production: 15,000 barrels of oil and 100,000 mcf of gas
Reserves: 450,000 barrels of oil and 3 million cubic feet of gas
Area: 1,284 acres
The Luling Project is an oil and gas project located in Caldwell County, state of Texas in USA. The project is owned and operated by Bering Exploration and covers an area of 1,284 acres. It has estimated oil reserves of 450,000 barrels of oil and gas reserves of 3 million cubic feet of gas. Thirty wells are expected to be drilled. Expected oil production per well is estimated at 15,000 barrels, while expected gas production per well at around 100,000 mcf gas. Moreover the completed costs per well is calculated at US$350,000.
Operators:
Bering Exploration: Operator with 100% interest