Radar Satellite Solutions New Technology for Oil & Gas Discoveries in Texas
Radar Satellite Solutions(RSS) and Brandon Maloy with JBA Operating (JBA) has made a new shallow oil field discovery in Coleman County Texas for Balanced Energy with utilizing a new satellite and ground radar depth technology that is a patentable upgrade from previous equipment.
The first well is flowing 5 barrels per hour from approx 2800 feet and came in at 75 bopd. The second well, still in the completion stages, has a thicker pay structure and is predicted to be a better well. This will without question be a new field discovery and will likely be the two best wells drilled in Coleman County in the last several years.
The operator intends to drill 6-8 wells to develop this field. RSS is very excited that these same frequencies and the same new satellite technology that has located this field will be utilized in the first 2 wells RSS is going to drill in late January to April in North Texas. Currently, as of Feb, 2013, they have drilled 15 wells with an average monthly production of 1900 bbl/month.
This technology has has been featured in Oil & Gas Journal. RSS is currently working many projects as a contractor but is now venturing into the drilling and production business to further utilize this proprietary technology. The head Geophysicist for RSS stated, â€œOur new wells that we are drilling in North Texas will be an ideal fit to our future as an E&P Company. We have for many years been in the business of finding oil fields for our clients with great success. As our technology has advanced over the years, our precision and accuracy has only gotten better. We intend to take these successes into our new ventures.
Source: Radar Satellite Solutions
ISSUERS OF NEWS RELEASES AND NOT OILANDGASPRESS.COM ARE SOLELY RESPONSIBLE FOR THE ACCURACY OF THE CONTENT
Public relations, press release distribution service, investor relations, SEC filing, regulatory news
www.oilandgaspress.com – The ‘one stop shop’ for global Oil and gas press releases!!!