Myriad Maverick basin prospects challenge San Antonio independent

10/04/2004
With half a basin to explore and exploit, Exploration Co. of San Antonio is probably not too worried about a lack of geologic opportunities.The company, formed in 1989, is unlocking hydrocarbons in the Maverick basin east and north of Eagle Pass in Southwest Texas on more than 500,000 acres, 8.5 times its holding in 1997.If one multiples that surface area by the number of prospective formations below, the result is a spread of 1.4 million acres.The company has had better than an 85% drilling success rate the last 5 years. Its working interest averages more than 85%, and it is still acquiring acreage.Even with the largest capital expenditure programs in its history the past 2 years and six...
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