The Houston-based firm is anticipating concentrating on conventional drilling strata using shallow horizontal drilling technology for the already proven Big Injun shallow Oil Sand play in Roane County, WV, as well as expanding into the Maxton Oil Sand formation into Gilmer County
Viper Capital Partners LLC has acquired drilling rights to 12,000+ acres of the Rock Creek Oilfield in Roane County, WV and the Tanner Oilfield in Gilmer County, WV along with 371 existing oil wells. The Houston-based firm is anticipating concentrating on conventional drilling strata using shallow horizontal drilling technology for the already proven Big Injun shallow Oil Sand play in Roane County, WV, as well as expanding into the Maxton Oil Sand formation into Gilmer County. Viper Capital Partners is working in conjunction with its affiliated operating firm, Cunningham Energy LLC, to drill and develop these plays. President of Cunningham Energy LLC, Ryan Cunningham, states, “Our long term model incorporates the acquisition and drilling of historically prolific oilfields that can be produced using new shallow horizontal technology. The Rock Creek and Tanner fields have proven time and time again that conventional oil is an ongoing viable asset. We intend to apply our newly adopted model of producing conventional reservoirs through the unconventional method of shallow horizontal drilling and completion. These legacy fields represent an opportunity to tremendously improve shallow oil recovery efficiencies.” Viper Capital Partners expects to drill shallow horizontal wells in the Berea Sand with a focus on oil production during the 2019-2020 calendar years.
Viper Capital Partners was formed to facilitate capital formation efforts concentrating on the shallow horizontal drilling movement in proven producing areas, specifically targeted are the proven formations in the Appalachian Basin. The firm intends to participate with operators conducting drilling operations in the Continental United States focusing on oil production from conventional reservoirs. Viper Capital Partners is focused on plays that benefit from the horizontal drilling revolution in the United States which has redefined economics in conventional oil areas.
Source: Company Press Release