The Bale Creek area of mutual interest (AMI) covers a contiguous area of over 3,500 acres and is located in a very prolific oil system, proven to produce from multiple, stacked-pay reservoirs.
The project development plan consists of two phases, and the first step in Phase I calls for the acquisition and interpretation of proprietary 2D and 3D seismic.
Based on the tightly-controlled interpretation, a pilot hole will be drilled and logged to determine the most promising of all the potential productive zones.
The next step will be to drill three horizontal wells into that zone, along with all production and transmission facilities to support the project.
According to the company, leasing for drilling and seismic permitting in Phase I are already underway.
Phase II will include up to four additional horizontal wells and the additional production facilities.
This phase will entail further leasing and seismic permitting within the existing AMI, prior to drilling.
