Projects

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MSR Michigan 25-1 JV(VLF Joint Venture Fund A)

The Michigan 25-1 Joint Venture was a single well vertical drilling program located in Creek County, Oklahoma. The prospect was a stratigraphic trap play in the Gilcrease, Red Fork, and Skinner sandstones. The prospect was generated utilizing a combination of traditional subsurface mapping and an unconventional geological survey called Radio Metrics Plus. The project area is primarily in the Northern end of the Seminole Uplift where it abuts the Cherokee Platform. This area is the flexure point that created an abundance of small structural anomalies and has had very good oil and gas production from over a half dozen formations ranging from 600-4,000 ft. deep. To access the prospect report click here.To access the drilling report click here. On July 17th 2012 the MSR Michigan 25-1 well came blowing in at 300 MCFGPD and flowing at 42 barrels of oil per day.

API Number:037-29040
Spud Date:7/5/2012
Total Depth:3075 ft.
Date of 1st Production:7/17/2012
Initial Production Rate:Pre Frac: 42 bopd / 300 mcfgpd Post Frac: 100 bopd / 300 mcfgpd
Cumulative Production:13,000 bbls
Status:Producing
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Chosin Reservoir 20-1 JV(VLF Joint Venture Fund B)

The Chosin Reservoir 20-1 Joint Venture was a single well vertical drilling program located in Creek County, Oklahoma. The prospect was a stratigraphic trap play in the Prue and Skinner Sandstones. The prospect was generated with traditional substructure and isopach mapping keying off of the Harper Oil West #1 well. This well was drilled in 1957 and had an initial production rate of 177 barrels of oil per day after treatment, then settled at 26 barrels of oil per day. The Chosin Reservoir prospect was generated while evaluating an entire Township covering 36 square miles. The Prue and the Skinner sand channels were mapped, structure was observed, and cumulative oil productions were plotted. Further refining of the geology resulted in the Chosin Reservoir Prospect. If the Chosin Reservoir 20-1 well develops as the geology suggests, the play could expand into additional acreage covering between 600-800 acres. To access the prospect report click here. To acess the drilling report click here. On November 11th 2012 the Chosin Reservoir 20-1 well was logged to a total depth of 2689 ft. The logs confirmed that the objective pay zones had shaled up and were not present in any meaningful way. The Chosin Reservoir 20-1 well was drilled and abandoned as a dry hole.

API Number:037-29040
Spud Date:10/26/2012
Total Depth:2689 ft.
Date of 1st Production:N/A
Initial Production Rate:N/A
Cumulative Production:N/A
Status:Dry Hole
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Red Wing 13-1 JV (VLF Joint Venture Fund C)

The Red Wing 13-1 Joint Venture was a single well vertical drilling program located in Creek County, Oklahoma. The prospect was a virgin Wilcox Sand structure plan with up-hole potential in the Skinner, Red Fork, Bartlesville, Gilcrease, and Misener sands. Interest in this area had been renewed with over 50 producing wells drilled in this township since the 1990’s. This prospect was pinpointed after a regional study was completed covering 3 townships (approx. 108 square miles) If the well penetrated the Wilcox sand, then a subsea top was assigned where possible. Regional maps were then created to follow trends and find small previously missed structural highs. The primary target of this prospect was the Wilcox sandstone. The Wilcox sandstone is a blanket type deposit that covers this area and ranges from 12 to over 80 ft. in thickness. The sand only produces where it is found in structural dome type traps. Even a small 40 acre field may hold as much as 1 million barrels of oil. To access the Prospect Report click here. To access the Drilling Report click here. On March 10th 2013 the Red Wings 13-1 well was logged to a total depth of 3578 ft. The logs indicated that there was not oil and gas in commercial quantities in any of the formations. The Wilcox sand was present and had very good reservoir characteristics, but was not in a favorable structural closure position to have trapped commercial quantities of oil and gas. The Red Wing 13-1 was drilled and abandoned as a dry hole.

API Number:037-29119
Spud Date:3/4/2013
Total Depth:3578 ft.
Date of 1st Production:N/A
Initial Production Rate:N/A
Cumulative Production:N/A
Status:Dry Hole
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MSR Michigan 25-2 JV

The MSR Michigan 25-2 Joint Venture was a single well vertical drilling program located in Creek County, Oklahoma. The prospect well was an increased density field development well that offset the MSR Michigan 25-2 well that had been giving up oil and gas naturally from perforations since 11/8/2012 with no stimulation work to date. When the MSR Michigan 25-1 well was drilled we found a total of 29 feet of very clean porous sandstone. A re-mapping of the horizon actually showed the sand to be thicker, cleaner, and covering a broader area than expected. A refined Dutcher / Gilcreaseisopach map shows a classic offshore bar type deposit running east and west across the Michigan leases. What the new mapping, the existing well logs, and the production history clearly showed us was the existing well will not drain the west half of the lease. With this in mind the MSR Michigan 25-2 location was proposed. Geologically this location should have been right on trend with the east to west oriented sand bar in an area of what we expect to be maximum sand deposition.Click here to access the Prospect Report. Click here to access the Drilling Report. On September 11th 2013 the MSR Michigan 25-2 well was drilled to a total depth of 3086 ft. and logged. Logging results indicated probable commercially productive zones in the upper Gilcrease formation, and a new sand called the Booch sandstone found at 2700 ft. On 9/20/2013 the well was perforated and acid treated in both zones and swab runs were 95% oil cut.

API Number:037-29138
Spud Date:9/4/2013
Total Depth:3186 ft.
Date of 1st Production:9/20/2013
Initial Production Rate:30 barrels of oil per day
Cumulative Production:3183 bbls
Status:Producing
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Dan Daly 22-1 JV

The Dan Daly 22-1 Joint Venture was a single well vertical drilling project located in Creek County, Oklahoma. The prospect was a virgin Wilcox sand structure play with up-hole potential in the Skinner, Red Fork, Bartlesville, and Gilcrease sand stones. Regionally, this area was in the northern end of the Seminole Uplift where it abuts the Cherokee Platform. This area is the flexure point that created an abundance of small structural anomalies that form the many Wilcox sand oil fields. This area of Creek County also has excellent oil and gas production from an additional half dozen formations ranging from 600 to 4000 ft. deep. The primary target of the Dan Daly 22-1 well was the Wilxox Sandstone. When found to be productive, the Wilcox sand is known as a “company maker” since even a small 40 acre field can hold as much as 1 million barrels of recoverable oil. A Wilcox and structure map of the prospect area shows a structural feature located over the E/2 of the SW/4 of Section 22. The Dan Daly 22-1 prospect appeared to be at the center of a broader feature that extends down from the Northwest terminating in the Southwest quarter of Section 36. Along this feature there lies several Wilcox fields, many with averages of over 90,000 barrels of oil per well.Click here to access the Prospect Report. Click here to access the Drilling Report. On July 8th 2013 drilling operations commenced and the well was drilled to a total depth of 3875 ft. The Wilcox sandstone was not on a structural high and was wet, but several good shows were recorded in the up-hole sands. The Dan Daly well was completed in the Skinner Formation.

API Number:037-29135
Spud Date:7/9/2013
Total Depth:3875 ft.
Date of 1st Production:8/15/2013
Initial Production Rate:25 barrels of oil per day
Cumulative Production:596 bbls
Status:Shut in. Uneconomical to produce
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MSR Michigan 30-1 JV

The MSR Michigan 30-1 Joint Venture was a single well vertical drilling program located in Creek County, Oklahoma. The prospect well was an increased density field development well that was an eastern offset to the MSR Michigan 25-1 well that had been giving up oil and gas naturally from perforations since 11/8/2012 with no stimulation work to date. When the MSR Michigan 25-1 well was drilled we found a total of 29 feet of very clean porous sandstone. A re-mapping of the horizon actually showed the sand to be thicker, cleaner, and covering a broader area than expected. A refined Dutcher / Gilcreaseisopach map shows a classic offshore bar type deposit running east and west across the Michigan leases. What the new mapping, the existing well logs, and production history showed is that the existing well will not drain the thick Dutcher/Gilcrease sand that should underlie the Michigan 30-1 prospect area. Geologically, this location was just south and east of a well drilled in 1929, the Vincent Samuels #1. This well recored 22 feet of sand in the Dutcher/Gilcrease section. We should be right on trend with the east to west oriented sand bar in an area of what we expected to be maximum sand deposition. Click here to access the Prospect Report. Click here to access the Drilling Report. On March 3rd 2014 the MSR Michigan 30-1 well was spudded in. After getting down to total depth the well was logged and production casing was set. Logs indicated that many of our target sands will be productive of oil and gas. On April 2nd 2014 3 separate Gilcrease sands were perforated and acidized. After a fracture stimulation the well was set into production.

API Number:037-29179
Spud Date:3/3/2014
Total Depth:3170 ft.
Date of 1st Production:4/10/2014
Initial Production Rate:30 bbls oil per day
Cumulative Production:1102 bbls
Status:Shut in. Uneconomic to produce
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MSR Michigan 30-2 JV(Michigan 25-3 JV)

The Michigan 30-2 Joint Venture was a single well vertical drilling program located in Creek County, Oklahoma. The prospect well was an increased density field development well that was an eastern offset to the MSR Michigan 25-1 well that had been giving up oil and gas naturally from perforations since 11/8/2012 with no stimulation work to date. When the MSR Michigan 25-1 well was drilled we found a total of 29 feet of very clean porous sandstone. A re-mapping of the horizon actually showed the sand to be thicker, cleaner, and covering a broader area than expected. A refined Dutcher / Gilcreaseisopach map shows a classic offshore bar type deposit running east and west across the Michigan leases. All of the data that was gathered from the Michigan 25-1, the Michigan 25-2 and the Michigan 30-1 wellswere incorporated to prepare a new updated isopach and substructure map. Mapping indicated that the Gilcrease sand bar sweeps to the south and east toward where two older wells had initial production rates of 75 and 100 barrels of oil per day. Geologically, the Michigan 30-2 location should be right on trend with the southeast to west oriented sand bar in an area of what we expected to have maximum sand deposition. Click here to access the Prospect Report. Click here to access the Drilling Report.On September 9th 2014 the MSR Michigan 30-2 well was spudded. Logging results indicated we picked up a new separate Gilcreasesand that registered as productive of oil and gas.

API Number:037-29247
Spud Date:9/22/2014
Total Depth:3094 ft.
Date of 1st Production:10/23/2014
Initial Production Rate:48 bbls of oil per day
Cumulative Production:4097 bbls
Status:Shut in due to low prices.
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MSR Michigan 26-1 JV

The MSR Michigan 26-1 joint venture was a single well vertical drilling program located in Creek County, Oklahoma. The prospect was a field extension well that was a western offset to the MSR Michigan 25-2 and MSR Michigan 25-1 well that had been giving up oil and gas naturally from perforations since 11/8/2012 with no stimulation work to date. When the MSR Michigan 25-1 well was drilled we found a total of 29 feet of very clean porous sandstone. A re-mapping of the horizon actually showed the sand to be thicker, cleaner, and covering a broader area than expected. A refined Dutcher / Gilcreaseisopach map shows a classic offshore bar type deposit running east and west across the Michigan leases. The primary target of this well was one or more of the Gilcrease sands. The premise for this prospect was to get on trend with a number of good Gilcrease producers. These Gilcrease sands tend to line up in parallel, narrow, elongate sand bar type deposits. Unfortunately the MSR Michigan 26-1 well was drilled in a spot that did not contain any clean porous oil and gas filled sand bodies. The well was drilled to a total depth of 3119 ft. After logging the decision was made to abandon the well as a dry hole. Click here to access the Prospect Report. Click here to access the Drilling Report.

API Number:037-29277
Spud Date:037-29277
Total Depth:3124 ft.
Date of 1st Production:N/A
Initial Production Rate:N/A
Cumulative Production:N/A
Status:Dry hole
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Puller 20-1 JV

The Puller 20-1 joint venture was a single well vertical drilling program located in Creek County, Oklahoma. The prospect was a resource development play in the Skinner sandstone with secondary potential in the Prue sand. This area of Creek County was in the beginning stage of a new oil boom due to the further development of the Pennsylvanian aged Skinner Sandstone. A new completion procedure involving larger cross linked polymer fracture stimulations sparked impressive new production and an influx of players came pouring in spending millions to acquire drilling rights to drill wells across the play. Veteran found itself at the center of a big new play with acreage still under primary terms that the company leased up in 2011 and 2012 as part of the Chosin Reservoir prospect area. The cross linked polymer reacts with fluid to create an almost jello like consistency that is then pumped at rates of up to 38 bbls per minute, resulting in a much improved fracture pattern. This jello fluid is also able to carry up to 4 pounds of propend sand per gallon of fluid, much more than had been carried on earlier fracture methods. The results have been outstanding in the area. The Griffith #2 well had an initial production rate of 98 bbls of oil per day. The Picket Hickman #1 well came in at over 100 barrels of oil per day. This activity was just north and east of the Puller 20-1 location. Click here to access the Prospect Report.Click here to access the Drilling Report. On June 26th 2014 Veteran Oil Partners spudded in on the Puller 20-1 well and on June 28th 2014 they reached total depth of 2726 ft. The electric log suite that was ran indicated a thick Skinner oil sandstone that should be productive of oil and gas. On July 10th 2014 the well was fracture stimulated using the new cross linked polymer method, and soon after began flowing oil and blowing gas.

API Number:037-29218
Spud Date:06/26/2014
Total Depth:2726 ft.
Date of 1st Production:7/10/2014
Initial Production Rate:50 bbls oil per day
Cumulative Production:7443 bbls
Status:Producing
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Puller 20-2 JV

The Puller 20-2 joint venture was a single well vertical drilling program located in Creek County, Oklahoma. The prospect was a resource development play in the Skinner sandstone with secondary potential in the Prue sand, and was a direct offset to the Puller 20-1 well that had recently established strong oil production. This area of Creek County was in the beginning stage of a new oil boom due to the further development of the Pennsylvanian aged Skinner Sandstone. A new completion procedure involving larger cross linked polymer fracture stimulations sparked impressive new production and an influx of players came pouring in spending millions to acquire drilling rights to drill wells across the play. Veteran found itself at the center of a big new play with acreage still under primary terms that the company leased up in 2011 and 2012 as part of the Chosin Reservoir prospect area. The cross linked polymer reacts with fluid to create an almost jello like consistency that is then pumped at rates of up to 38 bbls per minute, resulting in a much improved fracture pattern. This jello fluid is also able to carry up to 4 pounds of propend sand per gallon of fluid, much more than had been carried on earlier fracture methods. The results have been outstanding in the area. The Griffith #2 well had an initial production rate of 98 bbls of oil per day. The Picket Hickman #1 well came in at over 100 barrels of oil per day. This activity was just north and east of the Puller 20-2 location. Click here to access the Prospect Report. Click here to access the Drilling Report.On September 9th 2014 Veteran Oil Partners spudded in on the Puller 20-2 well. On September 12th 2014 total depth was reached and e-logs were ran. There were very good oil and gas shows seen while drilling the well and the electric logs confirmed that a 42 foot thick section of productive Skinner sandstone was encountered. On September 30th 2014 the well was fracture stimulated with the cross linked polymer frac design and soon after began flowing back oil and gas. The Puller 20-2 well has since been one of Veteran Oil Partners’ best producers of oil and gas to date.

API Number:037-29242
Spud Date:9/9/2014
Total Depth:2830 ft.
Date of 1st Production:9/30/2014
Initial Production Rate:50 bbls of oil per day
Cumulative Production:11028 bbls
Status:Producing
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Puller 20-3 JV

The Puller 20-3 joint venture was a single well vertical drilling program located in Creek County, Oklahoma. The prospect was a resource development play in the Skinner sandstone with secondary potential in the Prue sand, and was a direct offset to the Puller 20-1 well that had recently established strong oil production. This area of Creek County was in the beginning stage of a new oil boom due to the further development of the Pennsylvanian aged Skinner Sandstone. A new completion procedure involving larger cross linked polymer fracture stimulations sparked impressive new production and an influx of players came pouring in spending millions to acquire drilling rights to drill wells across the play. Veteran found itself at the center of a big new play with acreage still under primary terms that the company leased up in 2011 and 2012 as part of the Chosin Reservoir prospect area. The cross linked polymer reacts with fluid to create an almost jello like consistency that is then pumped at rates of up to 38 bbls per minute, resulting in a much improved fracture pattern. This jello fluid is also able to carry up to 4 pounds of propend sand per gallon of fluid, much more than had been carried on earlier fracture methods. The results have been outstanding in the area. The Griffith #2 well had an initial production rate of 98 bbls of oil per day. The Picket Hickman #1 well came in at over 100 barrels of oil per day. This activity was just north and east of the Puller 20-3 location. Click here to access the Prospect Report. Click here to access the Drilling Report.On September 16th 2014 Veteran Oil Partners spudded in on the Puller 20-3 well. Very good oil and gas shows were seen while drilling the well, but due to complications we were unable to get open hole logs. Based on the shows seen while drilling and excellent production that had been established on the lease the decision was made to case the hole and attempt completion. Cased hole logs were run to determine the geological tops of each zone. The Puller 20-3 well was completed in the same manner as the Puller 20-1 and Puller 20-2 but complications with a nearby disposal well that was illegally disposing SW in the skinner ultimately destroyed the economic viability of the Skinner formation in this location. The well was plugged and abandoned after many months of moving fluid with little to no oil cut seen.

API Number:037-29246
Spud Date:09/16/2014
Total Depth:2829 ft.
Date of 1st Production:N/A
Initial Production Rate:N/A
Cumulative Production:N/A
Status:Plugged and Abandoned
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Puller 28-1 JV

The Puller 28-1 joint venture was a single well vertical drilling program located in Creek County, Oklahoma. The prospect was a resource development play in the Skinner sandstone with secondary potential in the Prue sand, and was a direct offset to the Puller 20-1 well that had recently established strong oil production. This area of Creek County was in the beginning stage of a new oil boom due to the further development of the Pennsylvanian aged Skinner Sandstone. A new completion procedure involving larger cross linked polymer fracture stimulations sparked impressive new production and an influx of players came pouring in spending millions to acquire drilling rights to drill wells across the play. Veteran found itself at the center of a big new play with acreage still under primary terms that the company leased up in 2011 and 2012 as part of the Chosin Reservoir prospect area. The cross linked polymer reacts with fluid to create an almost jello like consistency that is then pumped at rates of up to 38 bbls per minute, resulting in a much improved fracture pattern. This jello fluid is also able to carry up to 4 pounds of propend sand per gallon of fluid, much more than had been carried on earlier fracture methods. The results have been outstanding in the area. The Griffith #2 well had an initial production rate of 98 bbls of oil per day. The Picket Hickman #1 well came in at over 100 barrels of oil per day. This activity was just north and east of the Puller 28-1 location. Click here to access the Prospect Report. Click here to access the Drilling Report.There were good shows seen in the drilling cuttings and the electric logs showed two zones with good oil and gas potential. After perforating, swabbing, and evaluating the returns from the Skinner sandstone the decision was made to set a plug and move up-hole to complete the Prue sand. The Prue sand was fracture stimulated and hooked up for production.

API Number:037-29298
Spud Date:8/18/2015
Total Depth:2733 ft.
Date of 1st Production:10/19/2015
Initial Production Rate:10 bbls of oil per day
Cumulative Production:161 bbls
Status:Shut in. Uneconomic to produce
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Puller 28-2 JV

The Puller 28-2 joint venture was a single well vertical drilling program located in Creek County, Oklahoma. The prospect was a resource development play in the Skinner sandstone with secondary potential in the Prue sand, and was a direct offset to the Puller 28-1 well that had recently established oil production from the Prue sandstone. This area of Creek County was in the beginning stage of a new oil boom due to the further development of the Pennsylvanian aged Skinner Sandstone. A new completion procedure involving larger cross linked polymer fracture stimulations sparked impressive new production and an influx of players came pouring in spending millions to acquire drilling rights to drill wells across the play. Veteran found itself at the center of a big new play with acreage still under primary terms that the company leased up in 2011 and 2012 as part of the Chosin Reservoir prospect area. The cross linked polymer reacts with fluid to create an almost jello like consistency that is then pumped at rates of up to 38 bbls per minute, resulting in a much improved fracture pattern. This jello fluid is also able to carry up to 4 pounds of propend sand per gallon of fluid, much more than had been carried on earlier fracture methods. The results have been outstanding in the area. The Griffith #2 well had an initial production rate of 98 bbls of oil per day. The Picket Hickman #1 well came in at over 100 barrels of oil per day. This activity was just north and east of the Puller 28-2 location. Click here to access the Prospect Report. Click here to access the Drilling Report.

API Number:037-29317
Spud Date:12/11/2015
Total Depth:2612 ft.
Date of 1st Production:N/A
Initial Production Rate:N/A
Cumulative Production:N/A
Status:Dry hole
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Peach Tree LP

The Peach Tree Limited Partnership was a single well vertical drilling program located in Garvin County, Oklahoma. Veteran Oil Partners acquired a 37.50 % working interest in the prospect area. The Prospect was generated by Dr. Ray Suhm, a former Exxon geologist and geophysicist. The prospect was classified as a low risk 3400 ft. prospect to test the shallow Penn sands and the deeper Viola limestone and Bromide sand. According to 2D seismic lines, at least 4 different Penn sands will be present on the prospect anticline. Deeper parts of the prospect share similarities with the NE Bryars Viola field, a field that has produced 1.8 million barrels of oil from the Viola limestone. The Peach Tree anticline was defined by several intersecting seismic lines. The prospect if successful had 140,000 bbls of oil as a reasonable estimate of recoverable reserves. Click here to access the Prospect Report. Click here to access the Drilling Report.

API Number:049-25075
Spud Date:3/31/2015
Total Depth:3400 ft.
Date of 1st Production:N/A
Initial Production Rate:N/A
Cumulative Production:N/A
Status:Plugged and Abandoned
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Puller 29-1 LP

The Puller 29-1 Limited Partnership was a single well vertical drilling program located in Creek County, Oklahoma. The prospect was a resource development play in the Skinner sandstone with secondary potential in the Prue sand, and was a direct offset to the Puller 20-1 and Puller 20-2 wells that had recently established strong oil production. This area of Creek County was in the beginning stage of a new oil boom due to the further development of the Pennsylvanian aged Skinner Sandstone. A new completion procedure involving larger cross linked polymer fracture stimulations sparked impressive new production and an influx of players came pouring in spending millions to acquire drilling rights to drill wells across the play. Veteran found itself at the center of a big new play with acreage still under primary terms that the company leased up in 2011 and 2012 as part of the Chosin Reservoir prospect area. The cross linked polymer reacts with fluid to create an almost jello like consistency that is then pumped at rates of up to 38 bbls per minute, resulting in a much improved fracture pattern. This jello fluid is also able to carry up to 4 pounds of propend sand per gallon of fluid, much more than had been carried on earlier fracture methods. The results have been outstanding in the area. The Griffith #2 well had an initial production rate of 98 bbls of oil per day. The Picket Hickman #1 well came in at over 100 barrels of oil per day. This activity was just north and east of the Puller 29-1 location. Click here to access the Prospect Report. Click here to access the Drilling Report.

API Number:037-29332
Spud Date:2/6/2016
Total Depth:2781 ft.
Date of 1st Production:8/10/2016
Initial Production Rate:28 bbls of oil per day
Cumulative Production:634 bbls
Status:Producing
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Twin Creek LP

The Twin Creek Limited Partnership was a two well vertical drilling program located in Creek County, Oklahoma. The prospect was a resource development play in the Skinner sandstone with secondary potential in the Prue sand, and was a direct offset to the Puller 20-1 and Puller 20-2 wells that had recently established strong oil production. This area of Creek County was in the beginning stage of a new oil boom due to the further development of the Pennsylvanian aged Skinner Sandstone. A new completion procedure involving larger cross linked polymer fracture stimulations sparked impressive new production and an influx of players came pouring in spending millions to acquire drilling rights to drill wells across the play. Veteran found itself at the center of a big new play with acreage still under primary terms that the company leased up in 2011 and 2012 as part of the Chosin Reservoir prospect area. The cross linked polymer reacts with fluid to create an almost jello like consistency that is then pumped at rates of up to 38 bbls per minute, resulting in a much improved fracture pattern. This jello fluid is also able to carry up to 4 pounds of propend sand per gallon of fluid, much more than had been carried on earlier fracture methods. The results have been outstanding in the area. The Griffith #2 well had an initial production rate of 98 bbls of oil per day. The Picket Hickman #1 well came in at over 100 barrels of oil per day. This activity was just north and east of the Puller 29-1 location. Click here to access the Prospect Report. Click here to access the Drilling Report.

API Number:P20-5: 037-29348 P20-4: 037-29346
Spud Date:P20-5:10/4/2016P20-4: 8/27/2016
Total Depth:2800 ft.
Date of 1st Production:10/24/2016
Initial Production Rate:32bbls of oil per day
Cumulative Production:823 bbls
Status:Producing
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2nd Chance Phelps LP

The 2nd Chance Phelps Limited Partnership was a single well vertical drilling program located in Archer County, Texas. The project is significant in that it marks the rebirth of Veteran Oil Partners as a company. The prospect was generated by new VOP Senior Staff Geologist and Ft. Worth Basin expert, Dwaine Abraham. Drilling and completion operations were managed through Hadaway Consulting & Engineering out of Canadian, Texas. The prospect was generated by traditional subsurface mapping and isopach mapping generated by a Petra Workstation. The premise of the prospect was to drill deeper and test the Ellenberger formation where we had mapped a prominent structural feature. There were several up-hole secondary targets to include the Mississippian reef, several Caddo limestone intervals, and the Bryson sandstone. On January 20th 2017 the well reached a total depth of 6180 ft. and was logged with a triple combo log suite and a high resolution sonic log. Upon evaluation of the logs the decision was made to set pipe and move to complete the well. A petrophysical evaluation was subsequently run to further refine and evaluate the logs. The petrophysical evaluation confirmed probable commercial quantities of oil and gas in several of the target formation, to include a bonus zone in the Dog bend sandstone formation that VOP was not expecting. The well is currently being equipped for commercial production after the Caddo 40 formation tested between 40 to 60 barrels of oil per day pre fracture stimulation.

API Number:42-009-43075
Spud Date:1/10/2017
Total Depth:6180 ft.
Date of 1st Production:N/A
Initial Production Rate:40-60 bopd 24 hr production test
Cumulative Production:N/A
Status:Completing and Equipping well for production

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Fax: 972.499.1951
Email: info@veteranoilpartners.com

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