Bonanza and Blacksands anticipate the drilling of multiple wells to fully develop the Apclark Properties in Borden County, Texas.
The main purpose of this agreement is to further the company’s oil development of the Apclark Field properties in Borden County, Texas.
The first well is expected to be drilled in the fall of this year, according to the company.
Bill Wiseman, president and CEO of Bonanza Oil & Gas president and CEO Bill Wiseman said that the company is excited about the agreement with Blacksands and the anticipation for continued oil development of its proven undeveloped (PUDs) properties in Borden County, Texas.
