Texas-Gulf Coast

By OGJ editors
HOUSTON, Jan. 28
– Texon Petroleum Ltd., Brisbane, plans to spud its first Mosman-Rockingham well to Cretaceous Olmos and Eagle Ford in late February 2010 about 5 miles south of Leighton (Olmos) field in South Texas.

Projected to 11,200 ft, the well mainly targets Olmos and will also probe Eagle Ford potential as encountered in Texon’s Tyler Ranch-4 well 20 miles to the southwest in late 2009 (OGJ Online, Nov. 25, 2009).

Texon holds 100% working interest in the Mosman and Rockingham leases that cover 3,269 contiguous acres.
Due to the indicated presence of oil and gas in the Olmos reservoir from wireline logs from old wells on the two leases and the likelihood of the Eagle Ford shale being present, Texon decided against farming down its interest for now. Results of MR-1 will assist in planning a horizontal Eagle Ford well, possibly in the second quarter of 2010.

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