Texas Oil & Gas Exploration
Drilling wells in proven, but overlooked oil fields
NMEX oil & gas management team is seeking to build cash flow for its joint venture partners and itself through drilling wells in proven, but overlooked oil fields in Texas. NMEX has identified oil & gas fields that were either not fully developed and/or were plugged prematurely leaving significant primary recoverable reserves behind. Drilling new vertical wells in these prospective areas, utilizing today’s logging and completion techniques, is a conservative approach to building cash flow with potential for significant return on investment.
12 Well Conventional PUD Drilling Program
Permian Basin (Eastern Shelf)
Approx 1,000 Acres with Multiple Drilling Locations (Max depth: Approx. 4500 feet)
Location: Runnels County, West Texas
Over 29+ billion barrels of oil produced since 1950
The Drilling locations are located up-dip of good proven production
Each NMEX drilling prospect can range from 2-4+ potential producing formations
Average Production per Well
The typical well in the area comes in front loaded (flush production) for the first 1-3 years.
The NMEX wells will be drilled on 40 acre spacing
Each NMEX PUD Well has eight (8) possible Target Formations
Olson Oil & Gas Lease – Jones County, Texas
Drilling a “Look-a-Like” Structure to the 1,700,000 bbl Strand Oil Field
Three well Program
Northern Minerals & Exploration Ltd. acquired 100% W.I. in a 160 acre oil and gas lease located in the north central part of Jones County, Texas known as the Olson. The principal target formation for the Olson Lease is the Palo Pinto Reef. The Palo Pinto Reef is a known productive formation with a high yield of cumulative oil production. The Olson Lease is located in the Eastern Shelf of the Permian Basin.
- 1.5 miles from the Strand Palo Pinto Field that has produced 1,700,000 Barrels of oil from only 8 wells.
- High yield per well averaging 212,500 bbls per well from the Strand Palo Pinto Reef Field!
- Excellent well control on the Olson Lease that provides evidence of the similarities of the Strand Palo Pinto Field to the Olson Lease.
Guy Ranch Oil & Gas Lease– Shackelford County, Texas
Drilling a direct offset between 2 Wells IP140 BOPD & 1.4 BCF gas
The Guy Ranch lease consists of a 430-acre oil and gas lease located in the southern part of Shackelford, Texas, known as the Guy Ranch. This drilling location is a direct offset in between two previous producing wells and has three different producing pay zones. The pay zones include the Patio Sand, Morris Sand, and the Gardner sand. These three pay ones are all prominent producers in the immediate area. The Patio Sand is the main producer to the west (next section) and generally averages between 25,000 and 75,000 barrels oil per well. The Morris Sand produces gas in most wells and is known to produce up to 1.4 BCF gas from one well. The A T and H Oil Company #2 Davis well (north offset) was perforated in the Patio Sand (3158-61′) and flowed 140 BOPD. This well produced 26,286 barrels oil and 60 MMCF gas before the Railroad Commission of Texas forced the well to be plugged because of too many violations. This well was still producing approximately 12 barrels oil per day when plugged. This well also has nine feet of Morris Sand that calculates productive with the closest well (3300′ SE) produced 1.4 BCF gas from the Morris Sand.
Coleman County, Texas – J.E. Richey lease
The Company acquired a 206.5-acre lease (J.E. Richey) located in the northern part of Coleman County, Texas with four existing wells in September 2014. Three of the four wells were fully equipped with down hole pumps, rods, tubing, pump jacks, well head and surface equipment including tank battery, meter run and gas gathering pipelines. NMEX holds a 25% working interest in the three wells and 100% working interest in the remainder of the lease acreage. The lease is located in a multiple pay area originally discovered by ARCO in the early 1980’s. This lease area is known to have 6 oil and gas productive formations.
In 2015/6 one of the wells on the lease, the Concho Richey #1, was brought back into production. This well is located due west 660’ from the Olympia Hale #1 well (adjoining lease) that has produced more than 71,000 Barrels of oil and over 190 Million cubic feet (“MMCFG”) of gas since 1986 and is still producing. The Concho Richey is producing from the same Gray Sand formation at (3,860’) as the Olympia Hale #1. The Grey is a clean sand with sections having 34% porosity and good permeability. Initial flush production when the well was brought back into production was up to 65 barrels of oil per day. Production from the Concho Richey #1 well has now stabilized, as all wells due after their initial flush production.