HOUSTON, Nov 03, 2011 (BUSINESS WIRE) -- Crimson Exploration Inc. (nasdaqgm:CXPO) today announced the acquisition of 4,700 gross (4,600 net) leasehold acres in Madison County, Texas that is contiguous to Crimson's existing Madisonville Field. Crimson has substantially increased its leasehold position in Madison and Grimes counties during 2011 and now has approximately 19,000 gross (15,500 net) acres that it believes to be prospective for a number of liquids-rich formations.
As a result of horizontal drilling and multi-stage frac technology, the Woodbine oil play in East Texas has seen a resurgence of activity. Adjacent to Crimson's acreage in Madison and Grimes Counties, offset operators have recently experienced excellent results from using these techniques in the re-development of the Woodbine. Additional horizontal potential exists in other proven reservoirs including the Austin Chalk, Buda, Georgetown, Lewisville and Glen Rose Formations. By year-end, Crimson will move a rig onto its initial well location, the Mosely #1H (~86% WI), and anticipates drilling the well to a total measured depth of 16,900 feet, that includes a 7,700 foot lateral. Crimson expects to keep the rig active throughout 2012 in order to assess its acreage position across Madison County and into Grimes County.
According to Rig Data Nabors Drilling #729 DW spud the Mosley #1H on 12/31/11
So they completed and tested the well without delay --- we will give them a 5 star rating for now ------- have you been keeping up with them long ? Do you need more current info ?
Madison Co. gets an "honorable mention" in this article on Seeking Alpha:
"Gastar (GST) has acreage in Leon and Robertson counties. This area is currently being de-risked by bigger players in the area. Encana (ECA) completed a well in Leon County with an IP rate of 230 Bo/d. Petromax had completions with IP rates from 150 to 500 Bo/d. In northeastBrazos County, Crimson has had IP rates from 300 to 400 Bo/d. In southwest Madison County, Petromax has had the best results of 400 to 1200 Bo/d."
The maps are worth a look.
Do you have any information on any of the wells Trivicum/Terrace drilled in Leon or Houston counties.
Thanks for your time
Lets see if this thing will attached
Lots of big #s on that report ------ may go "dark" on you guys soon again
They started are building a drill pad off of FM1119 in Madison co today. The guy that owns the land said XTO is doing it.
Alvin, I'd like to ask the exact location, if you know, of the XTO well pad on FM1119. I check the RRC site regularly and haven't seen a permit in the area. Thanks in advance for any info you might have.
martin you are in it . ketchem no 1.sumited 08/01/2012
Thank you Norman. I had picked this up 8/1 when I checked the RRC.