Operational Updates
Crimson Exploration Increases Woodbine Acreage
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Crimson Exploration Inc. announced the acquisition of 4,700 gross (4,600 net) leasehold acres in Madison County, Texas that is contiguous to Crimson's existing Madisonville Field. Crimson has substantially increased its leasehold position in Madison and Grimes counties during 2011 and now has approximately 19,000 gross (15,500 net) acres that it believes to be prospective for a number of liquids-rich formations.
As a result of horizontal drilling and multi-stage frac technology, the Woodbine oil play in East Texas has seen a resurgence of activity. Adjacent to Crimson's acreage in Madison and Grimes Counties, offset operators have recently experienced excellent results from using these techniques in the re-development of the Woodbine. Additional horizontal potential exists in other proven…
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