|
|
|
P.O. Box 10746, Midland, Texas 79702 USA phone 1-432-686-0397 DATA ACQUISITION Stepout Exploration and Development extension between developed fields this Opportunity to Participate in New 3D Seismic Data Acquisition extension to identify virgin reef mounds full with oil HAS BEEN COMPLETED
Midland, TX 79702 ph: 432-686-0397 fax: 432-570-0397 email: DreherGeo@aol.com BIDS for the work and projected costs for permits have ranged from $60,000 - $100,000 depending on the parameters. Processing and merging the data with interpretation will be $20,000. Acquiring an additional 640 acres of oil leases for $64,000 gives a reasonable estimate of $195,000 before drilling commences. This is $15,000 per potential location. The average well in the area has produced 400,000 barrels of oil suggesting a reserve potential of 6,000,000 barrels of oil. Some wells alone have produced 700,000 barrels of oil. LETTER to PROSPECTIVE PARTICIPANTS (click here Feb. 2000 perspective) Oil Business History of George R. Dreher Email for more inoformation Trend Exploration, 3D sesimic data processing DreherGeo@aol.com
We have reprocessed the seismic field data with improved statics and reinterpreted it with recalculated velocities using isochron mapping from WELL CONTROL to derive depth. Any very near surface refraction problems were corrected using refraction statics, a technique first used in the 1930s with hand calculations that has recently been revisited to use with HIGH TECH 3D surveys. Static is now measured from refraction breaks on the records and calculated by computer to correct velocity very near the surface.THE EAST VEALMOOR FIELD discovery well is on our lease and was discovered in 1950 by primitive seismic methods. Now high definition SEISMIC shows it was drilled away and downdip from the pinnacle of a feature, as were several wells on the lease. We will drill directionally toward the pinnacles of several features.
Click on OIL_DRILLING to learn about cost effective directional drilling between producing oil wells in West Texas, targeting oil traps identified by highly reliable 3D_SEISMIC data. This project yields good returns even at low crude oil prices .Reduced costs create opportunities with great upside potential. The initial well is structured to payout in 6 months with a 20:1 return over time. RESERVES can be reached at a fraction of the cost of new wells by drilling directionally.
East Vealmoor Field, West Texas
East Vealmoor is the southern tip of the atoll. ___________________
Highs between wells, tidal cuts, and other anomalous features are identified. Click on PROSPECTUS for complete information. Click on ECONOMICS to see the drilling deal. P.O. Box 10746 Midland, TX 79702 ph. 432-686-0397 fax: 432-570-0397
| ||||