Home Creek Energy holds oil and gas leases of nearly 2348 acres in Texas. The bulk of the leases lie in the Lindsea Bea (Bend Conglomerate) field. This field was evaluated in the ‘Lindsea Bea (Bend Conglomerate) Field Waterflood Feasibility Study & Evaluation of Oil and Gas Reserves’ by ASC Consultants.
According to the consultants’ engineering report, the Lindsay Bea Field is a quite large and substantive reserve. Other assets include in this purchase are 18 x 210bbl tanks w/walkways and stairs, five total fiberglass tanks with a total capacity of 1140bbl, eight heater treaters and other oil equipment essential to oil production.
Ronald Brooks, chairman of Standard Oil Company, said: “This is the first step in laying the foundation for SOCU to become a leader in the oil and gas industry.”
