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Rockefeller Hughes Spuds Buda Well; Plans Woodbine Debut
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Rockefeller Hughes Corporation has reported the following company and operational update.
Halo Project, Robertson County, Texas
Part of the Halo Project is the Company's newest well, the Pryor 1H, which was spud earlier this month. This is a dual lateral horizontal well targeting the Buda/Georgetown formations. As of today, the vertical section of the well has been drilled, 7" casing has been run and cemented, and the drilling of the lateral portion of the Buda Formation is scheduled to begin tomorrow. The Company holds a 100% working interest in this well.
Woodbine Project, Leon County, Texas
The Company plans to spud, the Vann #4 later this month. This well will be the first well drilled, in our Woodbine Prospect located in Leon County, Texas. The Company previously announced that it acquired a 35% working interest and operatorship in 1150 gross acres, targeting shallow oil in the Woodbine Sandstone formation in East Texas. In addition to this conventional oil play, there is a potential secondary play, targeting natural gas in the Cotton Valley Limestone Pinnacle Reef Formation. These two formations will be operated by Rockefeller. The oil prospect consists of up to five drilling locations, each with objective target depths of approximately 5500 feet.
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