Oklahoma: Mesa adds to Mississippi lime position

Mesa Energy Holdings Inc., Dallas, has leased 1,525 net acres in Garfield and Major counties, Okla., bringing its total position to 3,245 net acres in the Mississippi lime play.

The new leases have a 3-year primary term plus option periods. Mesa also closed on a farmout with Twenty/Twenty Oil & Gas Inc. covering 1,720 net acres held by production. The Twenty/Twenty transaction also includes the outright purchase of three vertical Mississippi lime wells that will be operated by Mesa Midcontinent LLC, Mesa’s Oklahoma operating subsidiary.

Mesa is to start a horizontal drilling program in the Mississippi lime in late 2012 or early 2013. Objectives are the Mississippi lime that is as thick as 500 ft at 7,000 ft and potentially the underlying Woodford shale 50-80 ft thick. Estimated ultimate recoveries from the Mississippi lime are 300,000-500,000 bbl/well.

Mesa continues to lease and to pursue agreements with operators to acquire HBP acreage.

Related Articles

WINTER HITS U.S. INDUSTRY, STRAINS GAS SUPPLY

01/01/1990 A record breaking cold front before and during the weekend of Dec. 23 shut down several major refineries and petrochemical plants in the U.S. Gulf ...

INTERNATIONAL BRIEFS

01/01/1990 WESTCOAST ENERGY INC., Vancouver, B.C., agreed to buy the utilities and propane business of Inter-City Gas Corp. (ICG), Winnipeg, Man., for $720 mi...

OWNERSHIP QUESTIONS CAN STYMIE DEVELOPMENT OF COALBED METHANE

01/01/1990 Although the technology exists for commercial recovery of coalbed methane, production has been hindered because of the legal quandary as to ownersh...

TEX/CON, SPUN OFF FROM BP, UP AND RUNNING

01/01/1990 BP Exploration Western Hemisphere has spun off its U.S. Lower 48 onshore exploration/development and gas gathering, transportation, and marketing a...

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