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Terrace Sets Up Arsenal of Eagle Ford, Pearsall Wells
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Terrace Energy Corp. has reported an operational update on its Texas operations.
Maverick County Pearsall ProjectThe Company and its partner, BlackBrush Oil & Gas LP, are in the process of forming a limited partnership, BlackBrush Terrace LP, to earn a 50% operated working interest in approximately 147,000 acres, principally in Maverick County in the emerging Pearsall Shale Trend in South Texas.
The first well, Chittim 1-H, was successfully drilled to a total measured depth of approximately 12,000 feet including an approximate 4,000 foot of horizontal lateral section in the Pearsall Shale. Five and one-half inch casing was successfully installed and preparations are underway to complete the well by multi-stage fracture stimulation. Fluids and equipment are presently being staged and the…
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