TexStar Energy Closes On N.J. Carter Lease
August 15, 2012
TexStar Energy Corporation announced that it has closed on the N.J. Carter in Guadalupe County, TX. TexStar will retain a 20% carried working interest being 15% net revenue in the wells.
TexStar Energy commissioned Geologic to evaluate the wells' potential.
Geologic's report concluded, "The N.J. Carter Lease is a multi-well (20 wells) re-stimulation and secondary recovery project for the Austin Chalk, Eagle Ford, and Buda reservoirs at a depth of ~ 1800' to 2100'. The N.J. Carter lease, located in the Luling-Branyon field area, has produced 200,000+ BO. Based on ...
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