Operational Updates
Liberty Energy Announces New Acreage in Bastrop County, Texas
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Liberty Energy Corp announces further details on its new Bastrop County Acreage, Texas.
The Company is pleased to provide further details on its newly acquired acreage in Bastrop County, Texas. The Company can confirm having acquired two highly prospective leases in Bastrop County Texas. The combined leases measure approximately 300 acres and are situated in county that currently produces primarily from the Dale Lime, Austin Chalk, Buda and Edwards.
The Austin Chalk formation stretches 500km in length and 50km in width. The first wells were drilled in 1929 and the formation is still producing oil and gas in economically viable quantities today. New wells have IP'd (initial production) at over 1,200 barrels of oil per day (bopd)1 and with significant cumulative production make it one of…
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