Brenham Oil & Gas Inc. has purchased 100% working interest and 74% net revenue interest in the 332-acre Inez field prospect in Victoria County, Tex.
The company intends to sidetrack or drill a well to regain production the Yegua, where the well was initially completed in 1990 by Ken Petroleum Corp. at 8,498-8,510 ft, flowing 2.6 MMcfd on a 8/64-in. choke.
Reserves per well from the Yegua are estimated at 4 bcf of gas and 160,000 bbl of condensate. Brenham said it can drill 3-4 wells on the lease.
Stuart Petroleum Testers that year performed a full-scale separator test, and determined that the Roberts well had a potential of 9 MMcfd and 65.14 bbl of 48° API condensate during the 4-point test. The well later encountered mechanical problems and has since been shut-in.
Brenham’s secondary objective is the over-pressured Jackson shale interval from 6,000-8,000 ft, which tested gas from a 40-ft perforated interval. In the new well to be drilled in the Yegua, the company plans to core several intervals in the Jackson shale to conduct a petrophysical study.
The company is in the process of obtaining an independent reserve report on its Gillock field interest as it plans to seek financing for a two-well development program later this year.