Green Century Exploration & Production LLC
Green Century Exploration is seeking additional non-op working interest partners for two low risk conventional drilling/development projects in the Texas Permian. Both have excellent risk return profiles. One in Crockett County, is a Queen Sand project that includes the drilling of 11 new wells in an undeveloped field extension where primary and secondary oil recovery will be realized. This includes the purchase of an existing 26-well waterflood project of which the new wells will be an extension. The project is currently producing ~55 bpd with production from the new drilling forecast to increase oil output to ~600 bpd within a year.
The second project is the vertical development of shallow San Andres wells on the Central Basin Platform. Phase I is the recompletion of an operating well, plugging back to, perfing, and fracing the San Andres. This recomplete is a direct 40-acre offset to several good wells. New drilling will follow in futures phases based on results of Phase I.
Visit us online at https://www.greencenturyresources.com