Fossil Oil discovers two new oil and gas wells in Texas, US

US-based oil and gas company Fossil Oil has discovered two new wells in Texas, US; Bandit #1 Well in Cook Mountain in Liberty county, and Gary Bryant #1H Well in Brazos county.

The Bandit #1 Well is a deep 15,000ft Cook Mountain (Yegua Sand) formation, which flowed 140 barrels of oil and 1.3 million cubic feet of gas when tested on a conservative 7/64th choke.

Testers measured the gas volume to about two millon cubic feet of gas per day, and the oil to about 300 barrels of condensate per day, after the choke was opened to a 10/64th.

The flowing tubing pressure of the well was constant at 8,500 psi throughout the 48 hour test. A pipeline has been built and the tank battery is currently being installed.

The Gary Bryant #1H Well is a 9,200ft vertical well that comprise 3,500ft laterals in the Buda formation, as well as in the Georgetown formation.

The well is flowing gas and oil throughout the drilling of each of the stacked laterals, while a pipeline is currently being installed to the interstate sale line along with the production facility.

The company’s first drilling project this year includes the lower Tuscaloosa oil well in Lincoln County, Mississippi, which is expected to contain 2.5 million additional barrels of potential oil.

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Image: Flaring of the MCH #1 Well in Liberty County, Texas. Photo: courtesy of Fossil Oil.