Maverick expects to reach total depth in approximately 35 days from commencement of drilling.
The company said that the initial test well is designed to target the Wilcox Trend, a vast depositional sand zone with a history of prolific natural gas and condensate production.
The company intends to reach and log the primary target in the ‘Middle Wilcox’ at a depth of between 12,500ft and 13,500ft.
The company has entered into a comprehensive farm-out agreement on approximately 4,513 acres of highly prospective oil and gas leases in Fort Bend and Wharton counties.
