Wednesday, July 11, 2012

Oil in Cass County

For all of you Texas oil rumor believers, the Oil and Gas Journal reported earlier this week that Pegasi Energy Resources Corp. reported a successful horizontal oil well in Cass County.  The Morse Unit #1 averaged 281 b/d of 40 degree gravity oil.  The find is in the "Jurassic Bossier shale" in the Rodessa field.  

That's north of the Haynesville/Bossier Shale as we describe it, but it certainly gives some credence to some interesting activity that has been observed in Marion County and other places nearby.  I haven't seen the TRRC filing pop up yet, but it will be interesting to review. The horizontal was supposedly 2,000 feet, but Pegasi is looking at doing 3,000 to 5,000 horizontals in the future.


Anonymous said...

Production capabilities of 30,000 barrels a day. Can they do this with current production numbers?

Anonymous said...

I heard a crazy rumor again tonight about something big. The location was pinpointed between Marshall and Carthage. I heard the "something big" a few months back but this one added the geographic locale.