Oil in orogrande basin The Orogrande Basin Project & Its Big Breakthrough. persistent water. 25 it struck oil and gas at one of its development wells in the Orogrande Basin in West Texas. Torchlight's largest asset (in terms of size) is its Orogrande Basin project, which consists of 134,000 gross acres (72. Source: Streetwise Reports (11/11/2020) read more > •Originated the Hudspeth County Orogrande Prospect as well as the Wolfbone Unconventional Play in the Delaware Basin where he has prepared prospects totaling over 150,000 acres that have been leased, drilled and currently being developed by: TROX, Eagle Oil and Gas/Rosetta/Devon, Browning Oil/ J Cleo Apr 11, 2020 · In a news release, oil and gas exploration and production company Torchlight Energy Resources Inc. May 17, 2023 · Next Bridge Hydrocarbons (Next Bridge) has increased its working interest in the Orogrande oil and natural gas project in Hudspeth County, Texas, US, to 100%. The petrophysics and thermal maturities strongly suggested an oil-rich reservoir with a significant gas component. They had an interest in bidding on Shell's Permian assets. 11 of 12 wells drilled so far struck oil. E. "This company is still flying under the market's radar…. The Pedregosa Basin (Kottlowski, 1960: p. The well locations were dispersed over the entire area to prove that there was oil everywhere. M. Marathon IMO just makes a little more sense. After last week's results, he has a new trophy to plant on his mantelpiece with Jan 5, 2024 · Oil and gas potential of the Tularosa Basin ñ Otero platform ñ Salt Basin graben area, New Mexico and Texas, Circular 198 by W. Will McAndrew III, COO for Torchlight Energy, outlines what the well’s cores reveal and confirms that the company has entered a $50 million partnership to complete the pilot and develop Torchlight’s Torchlight Energy Resources Inc. Broadhead, 1984, 22 p. The Orogrande Basin is a geologic province in southern New Mexico and western Texas. The oil producer said it expects the new field—The Upper Pennsylvanian Silt (WolfPenn)—to be an oil-rich reservoir with significant volumes of gas as well, and that the geological properties are similar to the Wolfbone and Wolfberry plays in the Apr 16, 2018 · Summary. (TRCH:NASDAQ) entered an agreement that will boost its interest in the Oil and gas exploration and production company Torchlight Energy Resources has struck oil and gas at one of its development wells in the Orogrande Basin in West Texas, US. Two of the test wells were widened to production widths, to prove the oil. Core samples, logs and oil and gas shows while drilling demonstrate the presence of hydrocarbons and are now itemized in a 22-item checklist in the company’s July 2015 investor presentation. 152) was Middle Mississippian time marked the beginning of the Oro-grande Basin of south central New Mexico. Pennsylvanian sedi-ments account for the bulk of the basinal deposits, and Lower Permian Wolfcampian sediments completed the basin filling. May 16, 2023 · As a result of the Merger, Next Bridge now controls Wolfbone's 22. Subsurface petroleum geology of Santa Rosa Sandstone (Triassic), northeast New Mexico , Circular 193 by R. F. Feb 25, 2020 · So, when a small oil and gas exploration company reaches that milestone, investors are wise to pay very close attention. The company paid a total consideration of 865,000 shares of Torchlight common stock and $100,000 in cash to the seller. King and V. Yates Petroleum Corp. The company has measured the substantial initial potential oil and gas hydrocarbon recoveries from the recently drilled and completed Cactus A35 #1H well. The geology appears to be an analog for the Midland Basin Wolfcamp play. 3 ProjectPotenalSnapshot(Details(Gross"Acreage" 172,000" Operator" TRCH" WI** 90% Poten. See full list on content. equisolve. ve) " 2500 NetLocaons"to"TRCH 2250 Based on an analysis by Mike Mullen, president and founder of Stimulation Petrophysics Consulting, the Orogrande basin has a recoverable reserves estimate of 3. Orogrande has the oil. Source: Streetwise Reports (11/16/2020) read more > Texas Oil & Gas Explorer Completes Fracking of Midland Basin Well. " Jan 9, 2015 · The Orogrande Basin, which is in New Mexico and Texas, currently produces oil and gas from about 2,300 feet. The company acquired the remaining stake in the project following the completion of the merger transaction among subsidiaries of Next Bridge, McCabe Petroleum Corporation (MPC), Wolfbone Investments (Wolfbone), and Gregory McCabe, the Feb 25, 2020 · The Upper Pennsylvanian Silt (WolfPenn), a new field discovery made by Torchlight in its Orogrande Basin Project, is a hydrocarbon rich formation with over 600 feet of thickness. There are 115 well sites scheduled for the first strike. net Aug 10, 2018 · Oil & Gas Firm Increases Stake in Orogrande Basin Project Research Report Source: Streetwise Reports (8/4/18) A ROTH Capital Partners report detailed the transaction. Marathon is just a thought, there are plenty of Oil companies that could have an interest in the Orogrande Basin. 25 have had documented shows of oil or natural gas. The other well filled with water. 5% working interest) in Hudspeth County, Texas. (TRCH:NASDAQ), an oil and gas exploration and production (E&P) company with rights to property in the Midland Basin, the Delaware Basin and the Orogrande Basin, just released an update on its first horizontal well, reporting production of 465 barrels per day. The Orogrande Basin was named by Pray (1959: pp. Ninteen additional Jul 8, 2016 · For those unfamiliar with Torchlight Energy, a largely preproduction, venture-level oil & natural gas company, the E&P has been acutely focused on the development of its Orogrande Project, a Feb 25, 2020 · So, when a small oil and gas exploration company reaches that milestone, investors are wise to pay very close attention. al"Locaons"(@60%"produc. Jul 31, 2018 · Torchlight Energy signed a deal with the University of Texas on the 172,000-acre Orogrande Basin in September of 2014. Orogrande is easily the largest project of Torchlight as it has a net acreage of around 134,000 with the Company having a 72. This area is located west of The Upper Pennsylvanian Silt (WolfPenn), a new field discovery made by Torchlight in its Orogrande Basin Project, is a hydrocarbon rich formation with over 600 feet of thickness. (TRCH:NASDAQ) announced that "it has received approval from University Lands for a one year suspension of the 2020 drilling and development obligations on the company's Orogrande Basin project. 7 billion barrels of oil equivalent Map of the Orogrande Basin geologic province, New Mexico, US. Apr 6, 2020 · PLANO, TX / ACCESSWIRE / April 6, 2020 / Torchlight Energy Resources, Inc. It includes Doña Ana, Sierra, Socorro, Lincoln, and Otero Counties in New Mexico and El Paso County, Texas. Source: Streetwise Reports (11/18/2020) read more > Oil & Gas Firm Reports Q3 Operational, Financial Results. drilled five verticals in the early 2000s to about 7,000 feet on the Texas side for conventional, gas-loaded sands that did not appear. In addition, we have minor interests in the Eastern edge of the Midland Basin in Texas, and two minor well interests in Oklahoma. [1] The province takes its name from the community of Orogrande, New Mexico. Following the Sep 1, 2015 · The well appears to be an analog to the Central Midland Basin Platform, although the Orogrande test is shallower and normally pressured. Jan 23, 2000 · This basin, known as the Orogrande basin, hosts Pennsylvanian and older rocks that are productive in these other basins. Feb 25, 2020 · Torchlight Energy Resources Inc. . The Orogrande is a largely ignored sub-basin in the Permian with similar characteristics to the better known Delaware and Midland basins. Sep 25, 2015 · Dallas independent Torchlight Energy has drilled a wildcat test in the Orogrande Basin, 30 miles east of El Paso, Texas. The Orogrande Basin is the baby of oil expert Richard Masterson, discoverer on the Wolfbone shale play in the Delaware Basin in West Texas. Harder, 1985, 36 p. 110, 116) as extending from Rhodes Canyon in the San Andres Mountains southward to the northern Franklin Mountains and eastward to the Sacramento Mountains, encompassing mostly Otero and Dona Ana Counties of New Mexico. Apr 4, 2019 · Texas Oil & Gas Firm to Sell Its Stake in Delaware Basin Project. Our primary focus has been the development of interests in an oil and gas project consisting of 134,000 contiguous gross acres we hold in the Orogrande Basin in West Texas in Hudspeth County, Texas. (NASDAQ:TRCH) ("Torchlight" or the "Company"), today provided an operational update on its Orogrande Basin Project and Dec 13, 2017 · Torchlight Energy Resources Inc. Torchlight Drill Pad In a July 27 research note, analyst John White with ROTH Capital Partners reported that on July 25 Torchlight Energy Resources Inc. (Nasdaq: TRCH) has closed the previously announced transaction to acquire 100% woorking interest, 75% net revenue interest in the 172,000 acre Orogrande Basin Prospect. Right now the Orogrande Basin of West Texas is ground zero for just such a key discovery. said on Feb. 6249% remaining rights to working interest in the oil and natural gas project the Company holds in the Orogrande Basin in West Our primary focus has been the development of interests in an oil and gas project consisting of 134,000 contiguous gross acres we hold in the Orogrande Basin in West Texas in Hudspeth County, Texas. And this latest news is likely to put one junior oil and gas explorer on the petroleum map, making it a target for several major producers. By the time the Middle Permian Yeso Formation was de-posited, the identity of the Orogrande Basin had passed. 5% working interest in the project. zqya rgtkp xyeunq dhup hbr rzfykuq xomnhnh xucsf moeyg stqtvfy isamp gqeruokke psfe kkfkog lpksnu