NCEY Holdings, LLC. Operating Areas
MUSTANG CREEK 3D AREA - MCMULLEN COUNTY, TEXAS
About Mustang Creek 3D Area -
Initial assessment has indentified ten (10) potential drilling locations supported by 3D seismic.
Current drilling prospects are at depths of 6,000 feet or less in the Upper Wilcox formation.
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San Miguel Creek Field - McMullen County, Texas - Consists of 2 leases totaling 240 acres.
About San Miguel Creek Field -
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Geologically, The San Miguel Creek Field is said to be underlain by a deep-seated salt diaper below 14,000'. The upward movement of the deep salt dome has arched and faulted overlying sediments providing for excellent oil traps and accumulations after hydrocarbon migration
These fault-bounded traps produce oil when sands are thrown up against shale and with reprocessing, NCEY Holdings, LLC. is confident that additional and bypassed oil accumulations and undrained fault blocks will be discovered
WEST RANCH FIELD - JACKSON COUNTY, TEXAS
The West Ranch Field is located approximately 115 miles southwest of Houston, Texas off of Highway 59, south of the town of Vanderbilt.
The geology of West Ranch consists of typical Gulf Coast sand shale sequences with numerous stacked sand pays of both Miocene and Frio age rocks. Over 25 main producing sands have been identified within the West Ranch production limits with the Greta, Glasscock, 41-A, 98-A and Ward sands being the most prolific producers. These sands are high permeability, high porosity sands capable of producing high fluid rates.
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KELSEY PROSPECT - CLARKE COUNTY, MISSISSIPPI
First Well Depth - 14,000' TD (normal pressure)
- Up to 4 million Bbls in 200 acre closure
- First well reserves 1.0 million Bbls
Drilling, Completion & project Acquisition Cost - First well $3,100,000
Additional Well Locations - 3
Conservative Initial Production Rate - 300 BOPD
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