Fossil Oil hits two Texas oil/gas discoveries
Monday, Feb 11, 2013
HOUSTON, Feb. 8, 2013 /PRNewswire/ -- Fossil Oil Company, LLC announces its newest gas/condensate discoveries by first drilling the deep, 3D seismic-based Cook Mountain well in Liberty Co., TX, and a second oil/gas discovery by drilling a dual-stacked, horizontal well into the Buda and Georgetown formations in Brazos Co., TX.
The Bandit #1 Well is a deep 15,000' Cook Mountain (Yegua Sand) formation that tested on a conservative 7/64th choke flowing 140 Barrels of Oil and 1.3 Million Cubic Feet of Gas. Opening the choke to a 10/64th, testers measured the gas volume over 2 Million Cubic Feet of Gas a day and the oil to nearly 300 Barrels of Condensate per day. The flowing tubing pressure remained stable at 8,500 psi throughout the 48 hour test. A pipeline is being built and the tank battery installed currently.
View images of the well at http://fossiloil.com/blog/tag/oil-investment/.
The Gary Bryant #1H Well is a 9,200' vertical well with 3,500' laterals in the Buda formation and in the Georgetown formation. This well was flowing gas and oil throughout the drilling of each of the stacked laterals. A pipeline is currently being installed to the interstate sale line along with the production facility.
"What a sight to behold," said Fossil Oil's President Dennis R. Kittler during the initial flaring of the gas while cleaning up during the well testing. Mr. Kittler was able to catch all the excitement on video. View the completion and testing of the Bandit #1 Well at http://www.youtube.com/watch?v=GUg9MDM8Wbc&feature=youtu.be.
About Fossil Oil Company
Fossil Oil is an independent oil and gas exploration and production company whose management and consultants collectively have more than 130 years' experience in operating, generating, and investing in oil wells. Fossil Oil's team of management concentrate in generating lower risk oil drilling investments along the mid and upper Texas & Louisiana Gulf Coast (onshore), SW Alabama, and most recently in Mississippi's prolific Lower Tuscaloosa oil play. Fossil Oil is planning to drill up to 6-8 new 11,000' Lower Tuscaloosa A & B sands in 2013 in Mississippi.
If you would like more information on Fossil's current Joint Ventures, please visit our website at www.fossiloil.com. If you would like to speak to Randy Long (Assistant to the President) about Fossil's current projects please email him at randy@fossiloil.com or call 713-978-7986.
SOURCE Fossil Oil Company, LLC
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