| Palo Pinto County Project |
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Palo Pinto County |
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Country |
USA
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Province |
Texas |
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Close to |
Fort worth basin |
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Status |
GREEN EXPLORATION
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Legends
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Explores for
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Natural gas - Oil -
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| Risk and valuation analysis of the Palo Pinto County Project |
| Status Risk : Green exploration |
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| Title(s) of the Palo Pinto County Project |
 | Advance Energy Limited
Interest: 100% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| In February of 2006, Advance Energy Limited acquired a 71.5% average Working Interest (53.625% average NRI) in nine producing gas wells, one salt water disposal well and a 90.0% interest in a five mile natural gas transmission line. |
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| Location of the Palo Pinto County Project |
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The Palo Pinto project lies along the western part of the Fort Worth Basin, a prolific oil and gas producing region of east/centre Texas.
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| History of the Palo Pinto County Project |
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The project was acquired for US$1.282m using 100% debt provided by Sterling Bank of Texas and sold for US$2m in December 2008 after producing over 150,000 MCF of gas and US$1.189m in revenue net to Advance. Since acquiring the project, Advance increa more...
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| Geology of the Palo Pinto County Project |
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It is characterised by natural gas and minor oil accumulations in stratigraphic and structural traps associated predominantly with early Pennsylvanian quartz sandstones and conglomerate reservoirs.
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Data last updated on : 3/27/2009
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Disclaimer
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All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
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