Overview

Niobrara Asset

Mississippian Asset

Other Assets 

Eagle Ford Asset

Leighton Field, Texas

The Eagle Ford shale formation is one of the leading resource plays in the United States.  In 2010, the Eagle Ford Shale was one of the most actively drilled targets for oil and gas in the United States.

Pacific Energy Development's Eagle Ford asset covers an area of 1,331 acres in the Leighton Field in McMullen County, Texas.  It is located at the Eagle Ford condensate window, where three wells have already been drilled and are currently producing. 

The first Eagle Ford well, Tyler Ranch EFS #1H had an initial production (IP) rate of 1,202 bodp and 752 mcfpd.

The second Eagle Ford well, Tyler Ranch EFS #2H, is located immediately to the north of Tyler Ranch #1H. The well had an initial flow rate of 1,488 bopd and 700 mcfpd. 

The third well, Peeler EFS #1H, had an initial flow rate of 1072 bodp and 1,140 mcfpd and started production started late July 2012.

 

Location of acreage

LOCATION
1,331 acres in McMullen County, Texas

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WORKING INTEREST
8% owned by a subsidary of PEDEVCO and its partner MIE Holdings Corporation (3.97% net working interest by PEDEVCO)

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OPERATOR
Texon Petroleum Limited (ASX:TXN) - 82% interest holder

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PRODUCING WELLS

• Tyler Ranch EFS #1H.  Production since December 2010
• Tyler Ranch EFS #2H.  Production since September 2011
• Peeler EFS #1H,  Production since late July 2012