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A Brief Overview of Past Fossil Oil
& Gas Management Joint Ventures
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Fossil –
Corner Shot Prospect
Fossil - Kallina #1
Wharton
County, TX
Drilled
& Completed!
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Sarah White
Prospect
Fossil – Gilbert #1 Well
Galveston
County, TX
Drilled,
Cased and involve in Testing and Evaluation.
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Fossil
– West Zachary Prospect
Fossil - BP #1 Well
East
Baton Rouge Parish
Louisiana
Waiting
on Drilling Rig!
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FOSSIL-TEXAS
OIL FIELD PRODUCING WELLS JV
Fossil-Arco
#1R Well (Producing)
Fossil-Little Arco #1-T
Well (Producing)
Tyler
County, Texas
Workovers
& Recompletions are Successfully Completed &
Producing!
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Fossil-Port
Hudson Oil Prospect
:
Fossil - WX #1 Well
East
Baton Rouge Parish
Louisiana
Waiting on Drilling
Rig!
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 Fossil-Port
Hudson Oil Prospect
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Fossil - Ann Fitz #4-Alt Well
East
Baton Rouge Parish
Louisiana
Drilled & Completed
& arranging for saltwater disposal
to begin production!
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Fossil
– 2007 Year End Multi-Well Joint Venture
Louisiana
& Texas
Sold Out, Drilling operations have already begun!
Fossil
Oil & Gas, LLC announces its Fossil–2007 Year-End
Multi–Well Joint Venture. This exciting diversified
drilling program has acquired an interest in two (2)
Prospects that are located in Louisiana (Calcasieu Parish,
LA) and the other eight (8) are located along the Texas
Gulf Coast (Lavaca County, Victoria County, Brooks County,
and Jefferson County).
Fossil estimates
that these 10 wells will encounter reserves to the
JV’s working interest up to 37.7 Billion Cubic
Feet of Gas and 770,000 Barrels of Crude Oil. Drilling
will range as deep as 11,000’ to 4,300’
in depth. The average well will be drilled to 8,220’
in depth looking to encounter both natural gas and
crude oil.
All wells will be drilled
in 2007 with an estimated year-end write-off of 70%
- 75%. The 1st well, Fossil-Thibodeaux #1 has been
drilled and completed and tested
770,000 cubic feet of gas per day as a New
Gas Discovery
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 Fossil
– Horelica #1A-ST Re-work Cooley
Gas Field
Fort
Bend County, Texas
Sold
Out, Enhancing Production & Producing!
The
Horelica #1A-ST (sidetrack) Well was drilled in 1999
by Patterson Drilling Company's Rig #28. The well incurred
completion problems during the hydraulic sand facture
procedure in the target zones relating to the existence
of a fault in close proximity to the well bore. The
well produces natural gas and condensate but the productive
zones appear to be "tight" and have produce
only marginally without a full hydraulic fracture treatment
of the productive Meek sands. To date, this well has
produced in excess of 100 million cubic feet of natural
gas and 4000 barrels of condensate (oil). Initially,
this well was scheduled to be plugged by the previous
operator (Virgin Oil Company). Fossil acquired a new
3 year lease from the mineral owners, sold and assigned
a 50% working interest in this well to each the Fossil-Salinas
#1 Joint Venture and the Fossil-Call Oil Field Joint
Ventures.
Fossil's petrophysical and
geological consulting engineers made a complete evaluation
of the completion procedures and events that were
experienced by the Horelica #1A-ST well's operator.
They also performed an electric log formation evaluation
and estimated that the Meek sands in this well have
the potential to produce significantly if a successful
hydraulic fracture could be applied. The log analysis
also discovered possibly two new potential gas zone
in the Upper Wilcox (11,200') and (12,100’)
which appears to be productive. Currently, a re-completion
procedure is scheduled in the 3rd Quarter, 2007 by
Fossil Oil and Gas Operating, L.L.C. to isolate and
test the three sets lower perforations. This well
is currently producing gas, oil, and water.
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Fossil – Dobbs Ranch Joint Venture
Lavaca
County, Texas
Sold Out, Drilled, Completed & Producing!
The
Dobbs Ranch Prospect is located in Lavaca County. A
3,500’ well is planned to test the Frio 3000’
Sand that exhibits a classic gas signature on 3D seismic.
The prospect is a 34 acre amplitude anomaly located
adjacent to a down-to-the-north fault. Although this
is a typical stratigraphic trap, faults often serve
as conduits in the migration of natural gas. A number
of similar stratigraphic traps are located near the
Prospect. The Test well will be drilled on a turn-key
contract, pipelines are convenient. (Click the links
below to view the Daily Reports and Photo Gallery!)
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Fossil – Cage Ranch West #1 Joint Venture
Brooks
County, Texas
Sold Out, Drilled, Completed & Producing
as New Gas Discovery!
Fossil
Oil & Gas, LLC has teamed up once again with New
Century Exploration, Inc. to drill another exciting
3D seismic based oil and gas drilling prospect in Brooks
County, Texas. This south Texas prospect is located
approximately 10 miles southwest of Falfurrias, Texas
in the historic Cage Ranch Field. As of August 30th,
2007 Orion Drilling Rig #4 had drilled and set casing
to approximately 10,000’. Major target Vicksburg
(Loma Blanca) sands were discovered between 9,000’
and 10,000’. Several outstanding gas pays were
logged. Currently, the Operator is constructing the
production facility and digging a flowline up to the
gas pipeline. (Click the links below to view the Daily
Reports and Photo Gallery!)
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Fossil – Forgason #1 Joint Venture
Wharton
County, Texas
Sold Out! Drilled, Completed & Producing!
The
Bernard Bend Prospect is located in Wharton County,
1.5 miles northwest of Hungerford, Texas. A 5,700’
well will be drilled to test the Frio 5000’ Sand
that exhibits a classic gas signature on 3D seismic.
The drillsite is situated at Bernard Bend on the Forgason
Ranch surrounded on three sides by Bernard Creek. In
the old days many discoveries were made using “creekology”
or the conformance of present day creek and river patterns
with ancient underlying geologic stream patterns and
structures. This will be the case at the Bernard Bend
Prospect if it results in a discovery.
(Click the links below to view the Daily Reports
and Photo Gallery!)
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Fossil – Barham #1 Joint Venture
Persimmon
Bayou Prospect
Gillis-English Bayou Field
Calcasieu Parish, Louisiana
Sold Out, Drilled, Completed & Producing
Fossil
– Barham #1 JV (A Texas Joint Venture) is now
completed. The 10,500 ft. Barham # 1 well is located
10 miles north of Lake Charles, in the Gillis-English
Bayou Field - II, Calcasieu Parish, Louisiana. The target
was the Upper and Lower Hackberry Sands in an area of
prolific gas and oil production. Hackberry production
in this field has averaged 833,000 BO (barrels oil)
and 4.75 BCF (billion cubic ft. gas). Extensive 3D seismic
control, similarity to nearby production and a direct
hydrocarbon signature provided this opportunity to discover
significant oil and gas reserves. This well has produced
both natural gas and oil and Currently being completed
in another zone. Click below to see Daily Reports and
Photo Gallery links.
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Fossil – Cooley Gas Field Joint Venture
Fort
Bend County, Texas
Sold
Out, Drilled, Completed & Producing!
Fossil
Oil and Gas Operating, L.L.C. has drilled and set production
casing on a deep gas well (13,000’) on the Horelica
130 acre tract near the town of Wallis, Fort Bend County,
TX. It has taken Fossil nearly three years to acquire
this very valuable mineral lease.
The Fossil - Horelica #2
well is located in the southwestern part of the Cooley
Gas Field discovered in 1983. It is a direct offset
to and contiguous with ConocoPhillip’s Gallia
Gas Unit. Of the 40 producing gas wells in this field,
only a handful of wells drilled were not originally
drilled by Phillips Petroleum.
Fossil Oil & Gas Operating,
LLC commenced drilling the Horelica #2 well in late
Fall, 2006 and finished drilling the well at the end
of the year. The company made the initial completion
in the 2nd Qtr of 2007 which is now hooked up to Trunkline
Gas Company’s interstate pipeline system. Shoreline
Gas of Corpus Christi, Texas is purchasing the gas
and Dorado Oil of Corpus Christi, Texas is the oil
purchaser.
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Fossil
– Horelica #1A-ST Joint Venture
Cooley
Gas Field
Fort
Bend County, Texas
Sold
Out, Drilled, Completed & Producing!
The
Horelica #1A-ST (sidetrack) Well was drilled in 1999
by Patterson Drilling Company's Rig #28. The well incurred
completion problems during the hydraulic sand facture
procedure in the target zones relating to the existence
of a fault in close proximity to the well bore. The
well produces natural gas and condensate but the productive
zones appear to be "tight" and have produce
only marginally without a full hydraulic fracture treatment
of the productive Meek sands. To date, this well has
produced in excess of 100 million cubic feet of natural
gas and 4000 barrels of condensate (oil). Initially,
this well was scheduled to be plugged by the previous
operator (Virgin Oil Company). Fossil acquired a new
3 year lease from the mineral owners, sold and assigned
a 50% working interest in this well to each the Fossil-Salinas
#1 Joint Venture and the Fossil-Call Oil Field Joint
Ventures.
Fossil's petrophysical and
geological consulting engineers made a complete evaluation
of the completion procedures and events that were
experienced by the Horelica #1A-ST well's operator.
They also performed an electric log formation evaluation
and estimated that the Meek sands in this well have
the potential to produce significantly if a successful
hydraulic fracture could be applied. The log analysis
also discovered possibly two new potential gas zone
in the Upper Wilcox (11,200') and (12,100’)
which appears to be productive. Currently, a re-completion
procedure is scheduled in the 3rd Quarter, 2007 by
Fossil Oil and Gas Operating, L.L.C. to isolate and
test the three sets lower perforations. This well
is currently producing gas, oil, and water.
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Fossil – Call Oil Field Joint Venture
Producing
Properties and Drilling Projects
Chautauqua County, Kansas and Fort Bend County, Texas
Sold
Out, Drilled, Completed!
In March, 2005, Fossil Oil & Gas,
L.L.C. purchased the producing Call Oil Field in SE
Kansas (Chautauqua Co., KS) with potential development
locations to drill and produce from the blanket multiple
shallow oil and gas sands beneath this oil field. The
initial drilling program, Fossil - Call Oil Field 2005-A
Joint Venture is a Texas Joint Venture.
The
Joint Venture acquired a fifty percent interest (50%)
in 18 existing oil wells that have been tested, several
reworked or re-completed, and 2 active and operating
saltwater disposal wells. Also, the Joint Venture
drilled 2 new shallow oil wells in the Call Field,
is participating in re-working a 12,900’ producing
deep gas well (Fossil-Horelica #1A-ST well), and also
participated in drilling the Fossil-Horelica #2 well
(a 13,000’ deep Wilcox sand gas well) in Ft.
Bend Co., Texas. This program is currently actively
involved in operations in both Kansas and Texas.
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 Fossil
– Salinas #1 Joint Venture
Cologne
and Coletto Creek Field Area
Victoria
County, Texas
Sold
Out, Drilled and Completed!
Fossil Oil & Gas, LLC has acquired excellent quality 3-D seismic
proprietary data over a 10 sq. mile area in Victoria
County along the Texas Gulf Coast. Fossil's team of
geological and geophysical experts has seismically defined
a number of braided/fluvial channel sands. The oil and
gas traps are stratigraphic controlled by high amplitude
anomalies in addition to substantial subsurface data
from surrounding wells in the Cologne and Coletto Creek
oil and gas field areas (near Victoria, Texas) resulting
in the generation of the Fossil - Salinas #1 well as
one of several 5000' Frio/Miocene wells to be drilled
in 2005. Fossil's petroleum engineers believe that the
Salinas #1 prospect is an opportunity for accredited
private investors to discover significant reserves of
oil and gas for their portfolios. The Salinas #1 well
is 3000' from the recently drilled, completed and producing
Earp #1 well. The latest news is that the Railroad Commission
of Texas approved the Rule 37 Exception allowing the
Salinas well to be drilled 114 feet from the NW lease
boundary to specific Frio sands. Engineering and 3D
seismic studies indicate that this new location will
enhance our chances of encountering our target sands.
Fossil commenced drilling operations early January,
2005 when Arrowhead Drilling's Rig #5 arrived on location.
The well was logged and completed (production casing
set) and tested several gas sands that were encountered.
The Salinas well was hook-up to a gas pipeline in the
2nd Qtr, 2005. The Salinas Joint Venture also owns a
50% working interest in the Fossil Horelica #1A-ST (sidetrack)
well in the Cooley Gas Field, Ft. Bend County, Texas.
This deep Wilcox gas well is being re-completed in a
new potential gas zone early in the 3rd quarter, 2007.
This Joint Venture also owns an interest in the recently
drilled and completed Horelica #2 well in the same field.
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 Fossil
– Earp #1 Joint Venture
Cologne and Coletto Creek
Field Area Victoria
County, Texas
Sold
Out, Drilled and Completed!
Fossil Oil & Gas, L.L.C. formed a Texas Joint Venture (Fossil
- Earp Joint Venture) in late 2004. Fossil's operator,
Premier Minerals, Inc. of San Antonio, Texas commenced
operations mid - July and placed the well on production
in August, 2004. The Earp Joint Venture also owns a
working interest in the Fossil - Horelica #2 well in
the Cooley Gas Field, Ft. Bend County, Texas. This deep
Wilcox gas well has been drilled and completed in a
new potential gas zone.
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 Fossil
- Moore #1 Joint Venture
Cooley Gas Field
Fort
Bend County, Texas
Sold
Out, Drilled and Completed!
The Moore
#1 well was drilled by Grey Wolfe #45 rig which arrived
on location late September, 2003. Approximately 34 days
of drilling the Meek and lower Meek (Wilcox) sands were
encountered with significant drilling breaks indicating
good clean sands on the mud logs and the open hole electric
logs accompanied by excellent gas units rising to surface
throughout drilling. Production casing was set and cemented
at 13,600’; the production facilities built and
hooked up to the wellhead. Perforating and fracture
procedures were performed and the pipeline installation
was completed. Click below for the photo Gallery of
the drilling and completion of the Moore #1.
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