The company’s oil producing Bastrop project consists over 400 acres, with 10 existing wells currently drilled with potential offset locations.
The Bastrop serpentine fields have production potential from both the Austin Chalk and lower Buda formation.
The Bastrop project has both geological and geophysical evaluations in addition to seismic data, which leads United to believe that it has potential of significant recoverable reserves.
The company’s Gabriel #9 well, located within its Bastrop project, is equipped and is awaiting electrical power in order to commence production.
The company expects that its Gabriel #9 well will be online and producing within the next two weeks.
