Prodigy Oil And Gas- Media

Prodigy Oil and Gas Acquires Leases For Counties In Texas and Louisiana


Prodigy Oil & Gas has acquired acreage located in the north central part of Jefferson County, Texas, approximately 8 miles southwest of the community of Beaumont. The prospect lies within the main fairway of the prolific "Oligocene Frio Sand Trend" which forms a belt of producing fields stretching across the southeastern coastal area of Texas. The prospect is located in an area known to have trapped large volumes of hydrocarbons in one of the lowermost sand members of this prolific producing interval, commonly known as the Hackberry Sands. The Hackberry Sands, to-date, have produced in excess of 470 BCFG and 17.7 MMBO from the many oil and gas fields located in the northern part of Jefferson County. Traps in the Hackberry are both structural and stratigraphic in nature and reservoirs are principally fluvial and fluvial-deltaic sandstones and submarine channel and fan sandstones. This highquality drilling prospect exhibits exceptional geological characteristics similar to those observed in numerous wells and fields that are productive in the Hackberry Sands in the general vicinity of the prospect. The closest significant production from the Hackberry Sands is found in the Ineeda Field which is located approximately 1.5 miles south-southeast of the Prospect. The Ineeda Field was discovered in 1999 and produces primarily from the Hackberry and Nodosaria Sands. To date, cumulative total production from the Hackberry Sands in the Ineeda Field is in excess of 3.0 BCFG and 568.1 MBO. Almost all of this production has been achieved from 2 wells with a combined productive area of similar or smaller size compared to the anticipated productive area of the Prospect.
 

Prodigy Oil & Gas has acquired acreage located in the northeastern part of Jackson and northwestern part of Wharton Counties, Texas, approximately 8 miles north and 4 miles east of the communities of Grando and Cordele, respectively. The prospect lies within the main fairway of the prolific "Wilcox Sand Trend" which forms a belt of producing fields stretching across the southern coastal region of Texas. The prospect is located in an area known to have trapped large volumes of hydrocarbons in the Wilcox Sands. This high-quality drilling prospect exhibits exceptional geological characteristics similar to those
observed in numerous wells and fields located in the northern parts of Jackson and Wharton Counties, including the nearby Brushy Creek and Cottonmouth Fields. The Brushy Creek Field was discovered in 1987 and the Cottonmouth Field much later in 2001. To date, cumulative total production from these fields is in excess of 38.7 BCFG and 701.6 MBO. Further to the northeast in Wharton County several other fields have produced significant volumes of hydrocarbons from the Wilcox Sands, such as the Bonus SW Field (122.6 BCFG and 3,438.1 MBO) and the Dynamic Field (56.6 BCFG and 208.7 MBO).
  

Prodigy Oil & Gas has acquired acreage located in Calcasieu Parish, Louisiana, approximately 3 miles southwest of the community of Starks. The prospect lies within the main fairway of the prolific "Oligocene Frio Sand Trend” which forms a belt of producing fields stretching across the southern coastal region of Texas and Louisiana. Traps in the Oligocene Frio interval are both structural and stratigraphic in nature and reservoirs are principally fluvial and fluvial-deltaic sandstones and submarine channel and fan and stones. These reservoirs are known to have trapped large volumes of hydrocarbons in the area and one of the sub-members of this reservoir group, known as the Hackberry Sands, is the primary reservoir target in the Prospect. This high-quality drilling prospect exhibits exceptional geological characteristics similar to those observed in many other Hackberry producers in the area, including the Neumin Lawton #1 well in the West Edgerly field. To-date, cumulative total production from this well is approximately 1.6 BCFG and 1.7 MMBO and the well is currently still producing at a rate of 100 MCFPD and 148 BOPD.
 

Prodigy Oil & Gas has acquired acreage located in the northwestern part of East Baton Rouge Parish, Louisiana, less than 0.5 miles east of the community of Baton Rouge. The prospect lies within the main fairway of the prolific "Wilcox Sand Trend" which forms a belt of producing fields stretching across the southern coastal region of Texas and Louisiana. The prospect is located in an area known to have trapped significant volumes of hydrocarbons in the Wilcox Sands. This high-quality drilling prospect exhibits exceptional geological characteristics similar to those observed in many wells and fields located in the
general vicinity of the prospect, including the Port Hudson field. The Port Hudson field was discovered in the late 1970’s. To date, cumulative total production from this field is approximately 802 BCFG and 90 MMBO from the Wilcox and deeper Tuscaloosa Sands.
 

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