Barron Petroleum claims major discovery in Permian Basin
Barron Petroleum has claimed to have made one of the largest hydrocarbon discoveries in the Permian Basin in Texas through the drilling of the Sahota Carson 20BU #1 well.
The Texas-based oil and gas company said that the new discovery well in Val Verde County is estimated to hold 417 billion cubic feet, or 74.2 million barrels, in oil and gas reserves. Furthermore, the oil and gas discovery has been made near existing infrastructure, thereby avoiding the extreme gas price variability of the Waha hub, said Barron Petroleum CEO Manjit Sahota.
The Sahota Carson 20BU #1 well was drilled to a total depth of 12,650 feet where it intersected nearly 70 feet of gas-bearing Strawn porosity. The discovery has been made nearly six miles southwest of the Massie (Strawn) Field that has produced more than 157 BCF, said Barron Petroleum.
Barron Petroleum claims major discovery in Permian Basin. Photo courtesy of Barron Petroleum LLC.
Manjit Sahota said: “We are thrilled with the successful results from this well which proves our geologic model. We are currently evaluating means to further enhance location selection and well performance. The company intends to continue our drilling program, encouraged by the recent strengthening in natural gas prices.
“Our team is very ecstatic and the next step is to figure out how to develop the lease or get someone to join the venture with us. Our company has a significant cost advantage since we internally source many well construction services.”