- Formerly known as "Tunis Creek"
- Discovery well flow tested at 252 barrels of oil and 300 Mmcf
- Currently flowing to storage
- Oil and Gas Focused
- 2,397.7 acre mutli-well, multi-year drilling program
- First well (University “6” #1) completed June 24, 2011 and recognized as a discovery well by the Railroad Commission of Texas
- Preliminary oil reserve estimates exceed 500,000 BO
- Located in Pecos County, Texas
The 2,397 acre oil field is currently producing oil and gas in the prolific Permian Basin in west Texas. The first well (University “6” #1) was completed in late June 2011 and has continued to produce oil since that time.
The well was tested flowing at a daily rate of 252 barrels of oil and 300 Mmcf of natural gas with tubing pressure of 600 psi on a 12/64-inch choke. The well was later recognized as a  "discovery" well by the Railroad Commission of Texas and then shortly thereafter the held acreage was designated as The Bootleg Canyon Ellenberger Field.
Preliminary testing of the first wells early flow rate indicate that oil reserves could exceed pre-drilling estimates of 500,000 barrels with an additional 2.5 Bcf of natural gas. These flow tests were performed using the wells’ natural bottom-hole pressure and was limited to the lower bottom percent of the Ellenburger formation in the wellbore.
The company has commissioned an SEC qualified reserve report and will release that information as it becomes available. Several additional development wells will be drilled.
Based on the positive results of this first well and the previously identified multiple oil and gas pay zones above this producing formation, the company has begun evaluating locations for a second well on the acreage.
Several additional development wells will be drilled. Field rules established by the State of Texas will determine the exact number of wells.
Hydrocarbon delivery infrastructure is nearby, including a natural gas pipeline. The 2,397.7 acre lease area comprises three sections of block 20, one section of block 19 University Lands survey.
The company, through its partnership with Aurora Energy Partners, holds a 5 percent working interest and a 3.75 percent net revenue interest.
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