The company plans to drill the well vertically through the Escondido, Olmos, San Miguel, Austin Chalk and Eagleford Shale formations and to evaluate the results by open hole logs and core samples.
The primary objective is to penetrate the Eagleford Shale, and Gulfmark intends to drill horizontally about 3,000 to 4,000ft upon reaching this prolific shale play.
The Kiefer lease is located in the northwestern portion of the oil window of the Eagleford Shale trend of South Texas.
Gulfmark Resources is a wholly-owned subsidiary of Gulfmark Energy which is focused on the acquisition, exploration, drilling and production, and sale of natural gas, crude oil and natural gas liquids, primarily from conventional reservoirs within North America.
