Texas-South

By OGJ editors
HOUSTON, Aug. 23
– Eagleford Energy Inc., Toronto, is to acquire Dyami Energy LLC of Texas, for $4.1 million.

Dyami’s assets include a 75% working interest (61.5% after payout) in the 2,629-gross acre Matthews lease and working interests of 90-97% in the 2,637-gross acre Murpyy lease, both in Zavala County, Tex., in the Maverick basin.

The leases are downdip from the US Geological Survey’s north boundary of the Smackover-Austin-Eagle Ford Total Petroleum System. Eric Johnson, Dyami vice-president of Operations, said Dyami believes both leases to be highly prospective for hydrocarbons in the Eagle Ford shale and other formations.

The Matthews lease is surrounded by the Red Hawk block, where Petrohawk Energy Corp. had initial production of 355 b/d of oil from the Mustang Ranch C-1 horizontal well. The Murphy lease is 11 miles northeast of Chesapeake Energy Corp.’s Traylor North 1-H well, which had initial production of 930 b/d.

Dyami has logs that show 380 ft of Upper and Lower Eagle Ford shale on the Matthews lease, of which 160 ft is the organically richer Lower Eagle Ford. Previous engineering reports indicate that the Cretaceous San Miguel formation contains 70 million bbl of heavy oil in the San Miguel D sands and another 80 million bbl of heavy oil in the San Miguel A, B, and C sands on Matthews.

Related Articles

Chesapeake mulls spinoff, sale of oil field services division

02/24/2014 Chesapeake Energy Corp. reported it is considering a potential spin-off to Chesapeake shareholders or an outright sale of Chesapeake Oilfield Servi...

Chesapeake Appalachia settles federal water pollution charges

12/19/2013 A Chesapeake Energy Corp. subsidiary agreed to spend $6.5 million to restore 27 sites damaged by unauthorized discharges of fill material into stre...

Chesapeake Midstream names chief operating officer

12/16/2009 Chesapeake Midstream Partners LLC (CMP), the recently formed 50-50 partnership of Global Infrastructure Partners LP and Chesapeake Energy Corp., na...

ExxonMobil to boost unconventional focus by acquiring XTO

12/14/2009 ExxonMobil Corp. has agreed to buy XTO Energy Inc. in an all-stock deal valued at $41 billion that will be part of a strengthened focus by the ener...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected