The shallow oil and natural gas prospect lies within a prolific oil system, proven to produce from multiple, stacked-pay reservoirs.
Nostra Terra said drilling of the initial horizontal well on the prospect is expected to begin during the first half of this year.
Nostra Terra CEO Matt Lofgran said the acquisition is in line with the company’s strategy to step up the pace of its growth, by building a diverse pipeline of assets in established oil and gas plays.
According to Nostra Terra, up to five additional horizontal wells may also be drilled on the Warrior prospect in the future.
