Highly Prospective Matthews Lease Features Two Resource Targets
EagleFord Shale
(4500 feet TVD)
- Up to 20 horizontal locations @ 130 acre spacing (based on analog EOG Energy spacing)
- 4 million barrels oil resource potential according to RPS Group
San Miguel Sands heavy oil
(2800 feet TVD)
- 70 million barrels of heavy oil in place in San Miguel D1 Sands, 6.844 million barrels recoverable according to RPS Group
Low Risk, High Quality Murphy Lease
2637 acres located in northeast Zavala County, Texas
Eagle Ford Shale
(4200 ft TVD)
- Up to 20 horizontal locations @ 130 acre spacing (based on analog EOG Energy spacing)
- 4 million barrels oil resource potential according to RPS Group
San Miguel Sands
(2300 ft TVD)