Veteran Oil Partners hits big for investors with the T. Spitzer USMC 1 well

The T. Spitzer USMC 1 well was spudded in on May 17th 2019 in Archer County, Texas. The premise of the well was to target the flanks of a prominent Mississippian waulsortian mud mound carbonate buildup that was originally discovered in 1954. The reef is one of the thicker Mississippian reefs in all of the Ft Worth Basin measuring 400 ft in thickness from where it is found highest on structure. On May 24th 2019 at 3:00 AM the rig started cutting the top of the Mississippian lime pay and began to register gas units in excess of 5,000 units, indicating a possible virgin reservoir. The morning mud log report confirmed what Pason gas was registering and noted excellent oil shows & gas as well as excellent visible porosity in the samples. E-Logs later confirmed SW saturation calculations of 4% in over 50 ft of Mississippian pay with porosity streaks as high as 19%, but averaging 12% throughout the zone. On July 25th 2019 the well was naturally completed and came on flowing at an initial production rate of 400+ barrels of oil per day. Veteran Oil Partners has remained tight lipped about the discovery as it worked to acquire surrounding acreage that offered similar exploration potential to the T. Spitzer USMC 1 well. The T. Spitzer has produced approximately 11,000 barrels of oil in just a few short months.

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Veteran Oil Partners
1700 Pacific Ave
Suite 250
Dallas, TX 75201
Toll Free: 844.655.5216
Local: 214.506.0191
Fax: 972.499.1951

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