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We have available for participation or Joint Venture, Berea Interval Only.
Acreage for up to 10 Horizontal Wells, Acreage is a 100% contiguous position in Kentucky's Very Best Oil Play Since 2014 & possibly in the entire US Onshore tight oil group of plays on a cost of recovered barrel basis and the play is basically adjacent to the refinery.Seeking a Drilling Partner for New Field Development in Kentucky's Best Shallow Oil Play. Contact Via Linkedin or Email: BereaOil@Gmail.com
Targeting the Long Lived Berea Sandstone in a high IP trend which has been in continuous vertical production and the most recently released and closest well specific monthly production rate averaged .5bopd after 95 years on production.
NE KY remains in #1 Position for Oil Production and for 2016 production was 1,505,713 bbl 59% of total KY oil Production.
Core Acreage in the Heart of the Berea Oil Production Fairway with Excellent Correlation Via Extensive Subsurface Geologic & Geophysical Data Acquired Directly Over the Acreage & Very Active Local Horizontal Field Development.
Berea Sandstone in excess of 120' per the KGS Formation Tops Report on closest control Multiple Pay Zones.
Drilling Depth Range TVD 1,500'- 1,900' Berea Interval Only
Lateral Length up to 7500' would provide for 9000' to 9400' Measured Depth wells
10 Well Horizontal Program up to 500,000 BO
Neighbors include Chesapeake. Continental. Diversified Oil and Gas, Carbon/Nytis and Encore.
This is a great opportunity to participate in and obtain a significant and highly sought after initial position in the core of this play, or to buy down an existing position.
Final Report from the Berea Sandstone Consortium
Berea Sandstone Petroleum System—A Proposal to Understand the Distribution of Oil and Gas Kentucky Geological Survey, University of Kentucky, Lexington
Appendix for Chap 7&8
Appendix for Geochemistry
I hope in the Finalized Copy that the "8 Funding Sponsors" will be Recognized and be given credit for Financing this project.