Glen Rose oil play grows in Maverick basin, Texas

A private Houston operator said an oil play it is pursuing in perhaps the least explored Gulf Coast basin has the potential for large areal extent.Saxet Energy Ltd., with public partner The Exploration Co., San Antonio, has produced 268,000 bbl of sweet, 42° gravity oil and 116,000 bbl of fresh water since the discovery well went on production in March 2002.Eight wells are producing, two are shut-in, one is drilling, and three more are to spud soon, Brian E. O'Brien of Saxet Energy told the AAPG Prospect & Property Expo Aug. 27.O'Brien did not discuss reserves for the field, in the Maverick or McKnight basin in Maverick County 30 miles east-southeast of Eagle Pass, Tex., but h...

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