The Perry lease sits on a multi-zone field discovered in 1955 and this area includes the productive zones such as Cook Sands, Hardy B Sands, Swastika, Cross-Cut, Patio A-D Sands, Palo Pinto, Caddo Reef, Mississippian, and Ellenberger Limestone.

The entire field is considered in-field drilling due to the close proximity of producing wells, Lighthouse said.

These zones lay in a deltaic formation of layered sediments starting at depths of 1,200′ to 4,500′.