Our History

Our Philosophy

  • Identify quality low risk development opportunities using proven geological modeling to identify large reserve opportunities
  • Locate and contract the most knowledgeable and experienced professionals (geologists, geophysicists, engineers, land professionals) in our project areas

1999 - 2003

  • Developed an in-fill drilling program in 5 Woodbine fields
  • Secured leasehold and farm-outs from Mitchell Energy, Faulconer Oil & Gas and Texaco
  • Formed joint venture with Comstock Resources and Classic Oil & Gas (XTO)
  • Drilled 11 in-fill wells in Sugar Creek, Damascus, Seven Oaks, Leggett, and Hortense Fields in Polk and Tyler counties, Texas

2000 - 2008

  • Developed a geological model for evaluating the Woodbine below the Cretaceous shelf edge
  • Proposed and acquired ~200 square miles of 3-D data in 2003-2004
  • Formed a joint venture with Dominion, Santos USA, et al. with priority placed on upper and lower/basal Woodbine
  • Purchased more than 75,000 nma of leasehold
  • Generated inventory of Miocene, Yegua, upper and lower Wilcox, and Woodbine prospects using 3-D data
  • Drilled five 14-15,000 foot upper Woodbine test wells
  • Drilled one 18,500 foot deep/basal Woodbine test well

2004 - 2008

  • Developed a geological model for developing gas wells in the Ardmore basin in the Woodford shale - Carter, Johnson, Marshall, Bryan and Choctaw counties, Oklahoma
  • Formed a joint venture with Waveland Energy Partners
  • Acquired 43,000 nma of leasehold
  • Operated a 14 well drilling program
  • Formed pipeline company with 30 miles of gathering lines, 2 taps in 42 inch trunk line, and 40 acres of compression sites
  • Sold 70% of joint venture for equivalent of $100MM

2009 - 2012

  • Formed joint venture with PetroHunt
  • Drilled 16,000 foot upper Woodbine test
  • Drilled 10,000 foot lower Wilcox test well

2010 - 2015

  • Developed a new geological concept play in the Montana Bakken
  • Acquired 24,000 nma of leasehold along a fractured trend

2011 - Present

  • "Big Sandy" prospect - Oracle's "Cripple Creek" prospect
  • Shallow Yegua/Cockfield project, single pipe, no pressure
  • 10 wells drilled - 8 producers
  • 1.2MMBO estimated reserves

2014 - Present

  • Oracle begins re-examining its inventory for undrilled opportunities
  • Downturn in pricing reopens opportunities to secure leasehold on expiring non-producing lands previously held by Unit, et al.
  • 15 square miles of Knight 3D reprocessed by Hardin International in August, 2016
  • Conventional, shallow oil prospects identified using the 200 sq. mi. Knight 3-D data set and 15 years of well data and area experience
  • Focus on shallow oil - no pressure, single pipe string prospects