Texas-South

By OGJ editors
HOUSTON, July 16
– BlueStone Natural Resources LLC, Tulsa, closed on four acquisitions of South Texas properties that hiked its net production to nearly 20 MMcfd and net proved reserves to more than 100 bcf of gas equivalent.

The deals raised the company’s well count to 500, nearly all operated.

Meanwhile, BlueStone recently retained Tudor, Pickering and Holt as agent to aid in the divestment of its holdings in the Eagle Ford Trend. BlueStone holds more than 10,500 net contiguous acres in La Salle and McMullen counties, Texas. Four wells with an average initial potential of more than 10 MMcfe/d have been completed on the acreage, and a fifth awaits completion.

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