if your not in AMEP you should be,TNOG and maybe even QOIL won't be able to hold a candle to what is about to happen with AMEP soon.Many are predicting over a dollar PPS before spring.
Somervell County sits right in the center of a drilling hotbed in the Barnett Shale. Surrounded by Johnson, Hood, Erath, Hill, Bosque and Comanche counties, Somervell County is positioned in an area that is experiencing unprecedented natural gas production.
Somervell, TX -- Approximately 345 million years ago in a sea covering thousands of square miles of the State of Texas fine grained clay carried to the shore by rivers and distributed by oceanic currents slowly began to accumulate on the sea floor. At the time, microscopic organisms thrived in the sea above and as countless generations went through their life cycle, dead organisms literally rained onto the ooze below. The intermixing of clay with organic materials repeated itself for millions of years, piling one layer on top of another until hundreds of feet of organically enriched sediment built up. This massive and regionally widespread rock layer, called the Barnett Shale, is so rich in organic materials that it ranks as one of the 10 richest petroleum-generating systems in the world.
After the Barnett Shale was deposited, a thick, impermeable layer of limestone known as the marble falls formation was deposited on top, effectively sealing the Barnett Shale below. Later the ancient basin was filled with alternating layers of sandstone, clay, shale and limestone.
As additional layers of sediment were piled on top, the more deeply buried formations were subjected to increasing pressure and temperature. The original seawater trapped within the Barnett Shale was expelled and the rock was further compressed. Over time, the organic material began to thermally crack into oil and natural gas. As the gas pressures within the Barnett Shale continued to increase, the highly porous and brittle rock fabric fractured. This process continued until the Barnet Shale became a self-sourcing reservoir rock capable of generating, storing and mobilizing hydrocarbons. Driven by gas expansion, huge amounts of oil and gas were expelled from the rock and migrated through faults and other permeable conduits until they were trapped in other reservoir formations. Today, the bulk moveable hydrocarbon remaining in the Barnett Shale is natural gas and the estimated volumes are astonishing. According to recent study, the Barnett Shale is estimated to contain upwards of 10 trillion cubic feet of recoverable natural gas.
Thousands of wells have been drilled and the field outline encompasses over 400,000 Texas acres. It is currently producing at a rate of 21.8 billion cubic feet per month. The success rate is close to 100% and thousands of infield locations are yet to be drilled. In a period of only a few years, the field evolved from an economically marginal petroleum resource to the largest onshore field in Texas.
Many enterprising companies began exploring for Barnett Shale production far outside what was the established trend. These step out exploratory tests resulted in a multitude of new field discoveries. The most recent edition of the current Barnett Shale Play Map, published by Geomap Company, now displays thirty such fields and the list is expected to continue growing.
Today, Somervell County sits right in the center of a drilling hotbed in the Barnett Shale. Surrounded by Johnson, Hood, Erath, Hill, Bosque and Comanche counties, Somervell County is positioned in an area that is experiencing unprecedented natural gas production.
Recognizing the importance of the drilling in the Barnett Shale and the man-hours needed to perform the associated tasks, Dinosaur Valley Inn and Suites offers accommodations and services to meet the needs of the people working in the Barnett Shale. The hotel offers modified breakfast hours and a breakfast-on-the-go program for workers who have schedules that don not coincide with the normal breakfast hours. They also offer evening snacks and drink service every night at no charge to help workers wind down from a hard day.
For those in need of an Internet connection, all rooms are equipped with high-speed Internet access and for those in need of a computer, a guest computer with Internet access is available also. Additionally, the hotel offers other business services such as free incoming fax service and free copy service available to guests.
Finally, one unique feature to the Dinosaur Valley Inn and Suites is the ample room for truck parking. The hotel understands this is a limitation for most hotels and a nuisance for exploration companies looking for lodging. Just another reason why Dinosaur Valley Inn and Suites is the only option for a place stay while working in the Somervell, Johnson, Hood, Erath, Hill, Bosque and Comanche counties area of the Barnett Shale.
Contact: Joe Leising, General Manager Telephone: 1-800-280-2055 http://www.dinosaurvalleyinn.com Best Western Dinosaur Valley Inn & Suites 1311 Big Bend Trail, Glen Rose, Texas 76043
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I believe he's saying that AMEP company is drilling in Somervell County...Is AMEP the one based in Mineral Wells? If so, they're only about an hour away from Somervell County...
American Energy Production Inc. Announces Success on Re-Start of Uni-Draulics Jet Pump on Bend Arch Petroleum Inc. Nash 1-C Barnett Shale Well
MINERAL WELLS, Texas--(BUSINESS WIRE)--Aug. 2, 2005--American Energy Production Inc. (OTCBB:AMEP) announced today its wholly owned investee Bend Arch Petroleum Inc. began re-start operations of a uni-draulics jet pump on the Nash 1-C Barnett Shale well.
Charles Bitters, President of American Energy Production Inc. stated, "Bend Arch Petroleum Inc. began successfully producing the Barnett Shale well on Friday, July 29, after exchanging the complete down hole jet assembly and production tubing. The Nash 1-C is still not stabilized but on Monday August 1, the well produced in excess of 20 barrels of high gravity oil and 100,000/cubic feet of natural gas. At today's market price of $60.00/barrel for oil and $8.00/mcf of natural gas this would be approximately $1600.00/day or $48,000.00/month or $570,000.00/year gross revenue. This will add a very nice piece to the Bend Arch Production Inc. income. The company will post more results once the well has a chance to stabilize therefore giving a clearer picture as to the future of the Nash 1-C well."
The installation of the uni-draulics jet pump on the Nash 1-C well instead of a conventional pumping unit will move more oil and produced water from the well bore faster and more efficiently than the conventional pumping unit.
Charles Bitters also stated, "Bend Arch Petroleum Inc. has accumulated over 7,000 acres of leases that have potential Barnett Shale production. Oil America Group Inc. of Dallas, Texas another 100% owned investee of AMEP plan to offer drilling partnerships to potential investors to drill Barnett Shale wells on the above mentioned properties in the near future. Oil America Group Inc. will begin offering these partnerships in the next two weeks. For more information contact Joe Christopher at Oil America Group Inc."
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" and are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance, Unknown risk, uncertainties, as well as other uncontrollable or unknown factors could cause actual results to materially differ from the result, performance, or expectations expressed or implied by such forward-looking statements
Posts: 2329 | From: MD | Registered: Jul 2005
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The funny thing I remember about the intial TNOG run-up was that the production numbers of 50 barrels a day caused a huge sell-off. How do you garner support for a single 20 Bpd well? I know there are more in line to be drilled, but how soon will they be on line? what will their production(s) be? do they have plans for extracting the NGas?
I wanna believe, just gotta ask the questions though.
-------------------- speak from your heart, invest from experience... Posts: 261 | From: Dallas | Registered: May 2005
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posted
corndo, you're right about perception vs reality...who can say why 50bbl would trouble penny-folk? This ain't Exxon...
re natural gas: it goes almost without saying that they have their gas-capture in place. No oil play, nowadays, makes a move without their gas accounted for...
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Corn--the company and management are very reachable,give them a call and hear it directly from the horses mouth other then from mine or any other post here.
Oil shale drive has risks for the West
DenverPost.com
Congress and the Bush administration want to jump-start the oil shale industry, but it's the Mountain West that could get jolted. Unless great care is taken, our waters could be depleted, our air polluted and public lands traded off and scraped down to dirt.
Coloradans are skeptical of claims that oil shale can any day soon be made into synthetic liquid fuel to replace gasoline and diesel. We've seen the hype and crash many times before.
But since 1996, Shell Oil has pursued a new technology at a project in northwest Colorado. The company won high marks from local leaders and mainstream environmentalists for its willingness to work with communities. Shell says it wants to ramp up commercial production by 2011.
That's not fast enough for Washington. The recently passed energy bill gives federal agencies just 2 1/2 years to produce sweeping environmental studies. The tight deadline may not provide enough time to truly understand how shale development will affect wildlife, air quality and groundwater.
The energy bill also increases the amount of land energy companies can lease for oil shale from 8 square miles to 80. It orders federal agencies to smooth the way for oil shale projects through land swaps. The bill says federal agencies should consult with state and local governments, but the Bush administration has a poor track record of doing so.
Oil shale is actually a compound called kerogen trapped in sandstone. Kerogen hasn't gone through the same natural pressure cooker as conventional crude oil, so it requires lots of industrial processing to be made into liquid fuel.
Colorado, Wyoming and Utah hold 600 million to 1.8 trillion barrels of the country's estimated 2 trillion barrels of oil shale. The energy industry says America should use such vast domestic resources rather than continue to rely on imported Middle East oil. Backers say oil shale could produce 2 million to 3 million barrels of oil per day. Currently, the United States uses more than 15 million barrels per day, more than half of it imported.
Still, the prospect of an oil shale boom in our region stirs serious worries:
Water: It takes 3 1/2 barrels of water to produce just one barrel of liquid fuel from oil shale, industry experts say. Ironically, the West's oil shale deposits exist in deserts whose streams feed the Colorado River. Already, eight Western states, including Colorado and California, are feuding over how the Colorado River's limited supplies should be managed. Oil shale projects could trigger new disputes.
Energy: Oil shale is terribly inefficient as a fuel, critics say. For every 100 units of energy produced by oil shale, 40 are needed to just make the material into liquid fuel. Oil shale production will require massive new electrical generation, likely from coal-fired power plants that emit pollutants and contribute to haze that mars vistas in parks and wilderness areas.
Climate change: Making more electricity from coal also will worsen global warming. In fact, making synthetic fuel from oil shale creates four times the amount of greenhouse gases that are emitted during production of conventional crude oil, says Greenpeace. In any case, oil shale is a fossil fuel, not clean, renewable energy.
Landscapes: Historically, oil shale production methods involved large-scale strip mining and industrial processing on the surface to "cook" it. By contrast, Shell Oil's technology processes the oil shale while it's still in the ground. At any given time, Shell's production zones will take up a smaller area than a strip mine. But the production zones will involve drilling at least a dozen wells per acre over many acres, with work shifting from place to place over several years. The production zones will, meanwhile, be stripped of vegetation, leaving the areas as near-wastelands while the oil shale brews for years underground.
Oil shale advocates say the world desperately needs new sources of liquid fuel for cars, trucks and other vehicles. Conventional crude oil production worldwide will peak in coming years and then decline, triggering economic and social disruptions.
Both statements are likely true. But they shouldn't be used as excuses to turn the West into a sacrifice zone for a nation that is reluctant to take even basic conservation steps: During debate on the energy bill, Republican leaders repeatedly rejected efforts to require better fuel economy in the cars and trucks sold in this country.
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heres a previous PR corn--I was told maybe up to 15 more wells but the PR states 10,if they produce just an equal amout of the last one...well you do the math.
MINERAL WELLS, Texas--(BUSINESS WIRE)--July 6, 2005--American Energy Production Inc. (OTCBB: AMEP - News) announced today its wholly owned investee, Production Resources Inc. posted positive testing results after 8 months of testing various procedures utilizing AMEP HOA 800. PRI discovered a method of well treatment that combines the utilization of heat along with AMEP HOA-800 in a chemical process that has returned positive results. PRI has increased oil production from the Olmos formation on the four test wells by as much as 300% for the month of June. Management now plans on expanding the testing area to an additional 10 oil wells in the next 30 to 45 days. Charles Bitters, President of American Energy Production Inc. stated, "PRI has been working extremely hard on achieving the desired results with AMEP HOA-800 and now believe its time to start expanding this treatment program. There is still room for improvement, but I believe PRI can now benefit because of current record high oil prices and increased production rates from the Olmos heavy oil sand field. This oil field is very difficult to produce because of the tight sand and the compaction of the heavy oil in the sand, still these are very exciting results."
Management cannot discuss the details and/or formulations being used with AMEP HOA- 800, but PRI believes the heat treatment once perfected can possibly be sold to other oil operators. The Company will keep investors informed of the expanded test results.
Update to investors.
With respect to AMEP's wholly owned investee Bend Arch Petroleum Inc., Nash 1-C Barnett Shale well. Management has been testing several uni-draulics jet pump down-hole assemblies to gain optimal results. The third jet assembly will be installed on Thursday July 8th and Bend Arch Petroleum should have results the week of July 12. Though initial results are positive Bend Arch Petroleum believes there can be improvements that will increase production rates. To view a current picture of the work over rig on the Nash 1-C well please follow this Link.
Also on June 28, 2005 AMEP announced that wholly owned investee Bend Arch Petroleum Inc. is in the process of filing permits to re-enter another well in the Barnett Shale formation located on its 12 well Palo Pinto Project. This well could be our most significant to date and a major milestone for the company due to the 1000 to 1500 horizontal lateral line that will be drilled in the Barnett Shale. In most scenarios a horizontal well will produce more oil and natural gas than a vertical well. The Company is extremely excited about the potential for this Barnett Shale well. Bend Arch Petroleum is in a great position to benefit from record high prices for oil and natural gas prices because the Company has accumulated over 7,000 acres of leases that have potential Barnett Shale production.
Bend Arch Petroleum Inc. and Oil America Group Inc. of Dallas, another 100% owned investee of AMEP, plan to offer drilling partnerships to potential investors to drill Barnett Shale wells on the above-mentioned properties in the near future. For more information contact Joe Christopher at Oil America Group Inc.
Contact: American Energy Production Inc. Charles Bitters, 210-410-8158 www.americanenergyproduction.com or Oil America Group Inc., Dallas Joe Christopher, 972-386-0601 jchristopher@oilamericagroup.com www.oilamericagroup.com
American Energy Production, Inc. (OTCBB, AMEP) is an Oil and Gas Lease Acquisition Company. The Company will specialize in acquiring oil and gas leases that have potential for increased oil and natural gas production utilizing new technologies, well workovers and fracture stimulation systems. American Energy Production, Inc., will acquire oil and gas leases that have proven reserves. The Company will initiate developmental drilling programs to drill new wells on these leases and if successful will add oil and gas reserves to the acquired property. American Energy Production, Inc., is involved in three areas of oil and gas operations. 1. Leasing Programs. 2. Production Acquisitions 3. Drilling with new technologies American Energy Production, Inc`s., main objective is to find oil and gas leases with upside potential for enhanced production. The company does this by utilizating the following rules: 1) leases, 2) geology, 3) engineering, and 4) mapping from 3-D seismic. American Energy Production, Inc., believes for the next generation the entire world will still run on oil and natural gas. So far, alternative fuels are still too expensive to substitute for fossil fuels. Because of the unstable conditions in the Middle East and the Arab nations, the oil and gas markets will remain stable for the next few years. The United States is so dependent on foreign oil, the Company believes any new oil and gas reserves found in America will help the country be independent and not held hostage by the Arab oil producing nations.
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