Signature Exploration and Production currently owns a 10% working interest with an option of 10% on additional wells on the prospect.
The target was identified through the acquisition of a 303sq mile 3D seismic database.
The Kenedy Prospect is located on 1,043 acres in Kenedy County, Texas. This drill-ready prospect is a four way anticline with the potential of multiple pay Frio Sands. The Frio zones generally have higher permeability and porosity that lead to higher flow rates.
Signature Exploration and Production chairman and CEO Steven Weldon said that the company is pleased that its operator has begun drilling at its Kenedy prospect.
