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Gateway
GRASSLANDS I
LIMITED PARTNERSHIP
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Wise County, Texas
TBX is acquiring an
interest in the Grasslands Prospect, a 2,800-acre multi well, multi pay
zone oil and gas prospect situated in the prolific Barnett Shale play in the
Fort Worth Basin. The Mississippian-age Barnett Shale is one of the most
uniform stratigraphic units in the basin. EURs projected to be in excess of 3
BCFG/well or 210 BCFG. Excellent log correlations between the productive
Barnett Shale and Conglomerates make for an excellent long lasting drilling and
production program. The Grasslands Prospect is estimated to yield a multi well
drilling program, 210 BCFG min. in the Barnett Shale at an estimated total
depth of 9000-ft.
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