Advancing Scalable, Domestic Oil Resources
PureWave Energy is advancing a low-risk, Conventional Oil Production project targeting the Woodbine formation in Texas.
Production Legacy: Woodbine Formation.....a Proven Oil Field
Historical Success:
In 1926, Transcontinental Oil discovered the Rosson Farm oil trap in Limestone County, Texas. The initial well flowed 2,800 BOPD, with a 171-acre trap producing ~2.9 million barrels in 5 years - without fracking.
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Geological Continuity:
Production follows from a west-dipping fault trend, extending from the Rosson Farm to Mt. Calm. Similar fault-trapped oil exists in the Woodbine Sands, Austin Chalk and Buda formations.
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Modern Interpretation:
An aerial geophysical study confirms the potential for multi-undrilled traps and faulted zones. Imaging 2D processing shows productive fracture systems in the Austin Chalk, Buda and Woodbine structures/thickness consistent with Rosson Farm.
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Proven Productivity:
Austin Chalk at Mt. Calm produced ~120,000+ barrels from 10 acres. Lateral drilling
will allow for much larger drainage areas across multiple zones.
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Targeted Development:
PureWave to drill an initial 3 (Oil) wells (Phase 1) - 3 Woodbine Sand targets and
test the Austin Chalk and Buda formations (multi-zone potential).
The Woodbine, Most Productive Formation in Limestone County
Rosson Farm Field
- Area Produced 171 acres
- Depth <3,000 feet
- Discovery Well Flowed 2,800 BOPD; Peak Production Rate 22,000 BOPD; Produced ~2.98 Million Barrels in <5 years
Mexia Oil Field
- Area Produced 3,000+/- acres
- Depth 3,000 +/- feet
- Discovery Well Flowed > 2,000 BOPD
- Produced >100 Million Barrels in 20+ years
Wortham Oil Field
- Area Produced 1,100 +/- acres
- Depth <3,000 feet
- Discovery Well Flowed >1,000 BOPD
- Produced >30 Million Barrels in ~20 years