Savell #1 Prospect
The Cedar Bayou Prospect lies in the Frio producing trend of the Texas Gulf
Coast. The prospect is prospective for multiple Frio sands reservoirs trapped
on a rollover anticline downturn to a regional growth fault.
The Cedar Bayou structure is supported by numerous substructure control
points and 2D seismic. The subsurface control shows thickening into the
North bounding growth fault and thinning of the sediments in the updip
The objective upper Frio sands are well developed and productive in
fourteen (14) downdip wells on the anticline. These downdip wells have
produced approximately five (5) million barrels of oil with one well still
active. This field produces by water drive. The remaining updip reserves
are estimated to be 1,500,000 barrels of oil. Average daily production of 50
– 80 barrels of oil is anticipated per well.
In conclusion this Cedar Bayou Prospect offers the opportunity to develop
updip reserves in an old producing field above 7000’.
1-New Well. ~20-Gross Acres.
CEDAR BAYOU NORTH
Marginulina. 6,192 Ft.
Oligocene Frio. 6,270 Ft.
Well To Spud January 2015.
15% NonOperated WI; 75% Lease NRI
Projected Gross Production: 70 BOPD
Projected Cash Flow: $21,000/Month
Prospect Reserves: 1.5 MMBO
DHC: $890,000; Completion: