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Today Oracle has four major projects: Texoma, Knight, Neches and Buckhorn. Together these projects offer the potential of over 4 TCF.
They range from acquisition & development to a seismic option and from deep gas to shale development and exploitation.
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TEXOMA WOODFORD SHALE PROJECT
Woodford Shale
“Mining” Project begins initial phase of drilling
In Oklahoma, Oracle Resources Oklahoma, has
leased
a large
multi-county area with extraordinary potential for shale gas production.
Oracle and its partner, Waveland Energy Partners, LLC,
have accumulated over 36,000
net
acres in the play and
are
acquiring substantially greater leasehold even though leasing by several large companies is currently underway
.
Our primary objective is expected to be productive over a very large area, such that we are in effect proposing a gas mining operation
in an established area with gas markets and infrastructure already
largely in place.
In addition to the shale gas play, there are shallower and slightly deeper objectives that offer secondary reserve potential throughout the play area, and an upside beyond the already excellent economics from the primary target. These secondary targets range in depth from about 4,000' to approximately 12,000'.
A robust drilling program is underway
and is expected to result in a very high rate of success in addition to the identification of hundreds of PUD's with an upside reserve potential that was virtually unheard of in U.S. onshore drilling until this past year.
Bryan Pershern, CEO / President of Oracle Resources and Mr. Charles R. Pruett the landowner where the Lindsey #1-25 is being drilled in Carter County, Oklahoma.
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