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Shale Gas & Basin-Centered
Gas Sand Project
Parker County, Texas
Republic Energy Drilling the
Westbrook Unit #1H
Weatherford Barnett Shale & Atoka Project is a multi-target natural gas development
prospect based on advances in geologic, drilling, and completion technologies. Basin-centered Upper Atoka tight gas sands are over
350 thick and are productive in the prospect area.
The Barnett Shale is over 240 thick and has excellent potential in this area,
which is also due to advances in technologies. This
is much more of a technology risk prospect with very little geologic risk. The rocks are present and have proven to contain
Upper Atoka basin-centered tight gas sands of Parker County were drilled and tested over
twenty years ago with very limited success. Research
strongly suggests these reservoirs were severely damaged when drilled and completed. There were enough successful completions to
establish the existence of extensive gas reserves in place for these tight gas sands. Estimates for Atoka tight gas reserves are in the
10s of TCF of gas in place in the basin. Successful
completion and production of gas from other basin-centered tight gas sands support
successful gas production in the Fort Worth Basin.
Barnett Shale produces gas in many areas of Parker County and should be over 240
thick in the prospect area. Regional mapping
indicates a 400 throw reverse fault near this area and probably trending along the
eastern edge of the prospect. This has the
potential of fracturing the Barnett Shale and creating a "Sweet Spot" for
production. Recent Barnett Shale gas completions using much smaller water fracs
south & west of the Weatherford Project are very supportive of successfully
completing the Barnett Shale in this area.
Barnett Shale & Atoka Prospect has excellent potential for economic hydrocarbon
success. The Upper Atoka tight gas sands calculate to have in excess of 750
MMCF of recoverable gas per well. The Barnett
Shale also has the potential to add an additional 750 MMCF or more to the wells total
The Weatherford Barnett Shale & Atoka Project consists of over 2,100
acres to date. The plan is to put together
leases to form a 640-acre unit that can be pooled and then held with a single well. The Atoka and Barnett Shale can be drilled and
tested with the production holding the pooled acreage.
Once a focused drilling program can be established, then the pooled acreage can be
drilled with offset wells. We expect the
drainage will be between 40 to 80 acres. This
will give 7 or more offsets to be drilled. This
is the same approach Mitchell Energy used to establish their gas farming
operation in the Barnett Shale.
We are offering the project for $ 125 per acre for a 79.33 percent net revenue
lease on the 2,100+ acreage. An AMI would
need to be established and an override provided in the AMI that is determined by the
purchaser and seller. We have an excellent
landman and could continue the leasing as desired by the purchaser. Our focus has been to get the large blocks of
acreage and then start adding smaller tracts to that acreage. This creates a barrier to entry for competitors
that try to offset us later.
We are presently leasing and still tying some of the blocks together. We are also exploring for additional sites where
this gas farming procedure might work in the Fort Worth Basin. The Barnett Shale & Atoka Tight Gas Sands are
extensive targets and are considered giant status as a potential gas field.
This is a complex project that can be approached with different strategies. We are open to new ideas and feel we are flexible
enough to make this project work for the right operator. Contact
us for additional information.