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January 2006,
Carbon County, Utah |
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WhitMar announces the drilling and COMPLETION
of its first 9 wells in the East Helper Prospect. All wells indicated
gas response on the electric logs and were successfully perforated
and fracture stimulated in the Ferron Formation. All 9 wells are
now being connected to the sales line. Production is expected
to commence in the next 3 weeks. Based on geologic and engineering
data, WhitMar has permitted an additional 26 drilling locations
for 2006 on its 12,000 acre leasehold. At current spacing of 160
acres, there is potential for 75+ wells. Estimated reserves are
2.5 BCF per well.
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January 2006,
Latimer County, Oklahoma |
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WhitMar is currently DRILLING
AHEAD at 5000’ MD on the Mabry #1-13, toward
total depth of 12,500’ MD. The well is targeting the Spiro
Formation, with potential reserves of 4+ BCF.
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January 2006,
Eddy County, New Mexico |
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WhitMar is currently DRILLING
AHEAD
at 4000’ MD, with partner Devon, on Willow Draw #24-1, toward
total depth of 10,000’ MD. The well is targeting the Morrow
Formation, with potential reserves of 4+ BCF.
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January 2006,
Latimer County, Oklahoma |
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WhitMar has run production pipe and is
currently COMPLETING
the City of Red Oak #1-34 in the objective Spiro Formation at
12,500’ MD. If successful, there is potential for an offset.
Potential reserves are 2.0 BCF per well.
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December 2005,
Latimer County, Oklahoma |
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WhitMar has run production pipe and is
currently COMPLETING
the Harrel #2-11 in the objective Spiro Formation at 12,500’
MD. Potential reserves are 0.5 BCF.
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November 2005,
Latimer County, Oklahoma |
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WhitMar announces the PSO #10-2 DISCOVERY,
with partner Unit Petroleum, which is producing gas to the sales
line at 2000 MCFD
from the Spiro Formation. Expected reserves are 3 BCF.
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October 2005,
Blaine County, Oklahoma |
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WhitMar announces the Dadisman #1-20 DISCOVERY,
with partner Chesapeake Energy, which is producing gas to the
sales line at 1800 MCFD
in the Springer and Morrow Formations. There is potential for
one offset. Estimated reserves are 2.5 BCF per well.
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September 2005,
Latimer County, Oklahoma |
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WhitMar has secured the Nabors 290 rig
for the South Wilburton Prospect, with expected
spud date in February 2006. The well is targeting
the Spiro Formation at 15,000’ MD, with potential reserves
of 12+ BCF.
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September 2005,
Pittsburg County, Oklahoma |
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WhitMar has secured the Nabors 290 rig
for the West Hartshorne Prospect, with expected
spud date in March 2006. The well is targeting
the Spiro Formation at 12,500’ MD, with potential reserves
of 3+ BCF.
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May
2005, Carbon County, Utah |
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WhitMar announces the initial 5 test wells
for the East Helper Prospect will begin drilling in May 2005.
The main objective is the Ferron zone at ~2500 feet, which is
a 200 foot section of tight gas sands, shales, and coal seams.
At current spacing of 160 acres, there is potential for up to
100 wells. Estimated reserves are 2.5 BCF per well.
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March
2005, Eddy County, New Mexico |
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WhitMar announces the acquisition of 800+
acres in the Delaware Basin, Eddy County, New Mexico. The acreage
covers 5 prospects whose main objectives are Morrow-age sands.
Average depths to target zone is ~10,000 feet. Estimated reserves
for each well are 2-3 BCFEG.
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September
2004, Blaine County, Oklahoma |
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WhitMar announces the completion of the
Hightower Trust #1-32 DISCOVERY,
with partner Chesapeake Energy, at an IP of 7700 MCFD in the Lower
Britt Springer Formation. The new reservoir with virgin pressure
has potential for 5 additional offsets, with an estimated 30+
BCF of reservess
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May
2004, Carbon County, Utah |
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WhitMar announces the
acquisition of a 12,000+ acre leasehold in the Uinta Basin, on-trend
with the second-largest coal bed methane play in the United States.
Adjacent to our leasehold, the shallow Ferron coal has produced
over 440 BCFG in the Drunkard Wash and Helper Fields. Pre-drill
reserves for 75 – 120 well locations on our 12,000+ acres
are estimated at 150 – 450 BCFG.. |
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March 2004 –
Blaine County, Oklahoma |
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Whitmar announces 25-30
BCF potential prospect with partner, Chesapeake Energy, to be
drilled in 3rd quarter, 2004. WhitMar controls half of the lease
block and Chesapeake controls the other half.
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February 2003,
Latimer County, Oklahoma |
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WhitMar announces the
completion of the Puckett #2-15 DISCOVERY,
with partner BP Petroleum, at an IP of 1200 MCFD in the Bullard
Formation. |
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February 2003,
Latimer County, Oklahoma |
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WhitMar announces the
completion of the Shelby #27-1 DISCOVERY,
with partner KCS Resources, at an IP of 5366 MCFD in the Spiro formation. |
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February 2003,
Latimer County, Oklahoma |
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WhitMar announces the
completion of the McCaslin #4-2 DISCOVERY,
with partner BP Petroleum, at an IP of 2500 MCFD in the basal Atokan
formation. |
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October 2002,
Pittsburg County, Oklahoma |
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WhitMar announces the
completion of the Camp #1-33 DISCOVERY,
with partner Oxley Petroleum, at an IP of 1600 MCFD in the Spiro
formation. |
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October 2002,
Latimer County, Oklahoma |
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WhitMar announces the
completion of the Lawrence #2-14 DISCOVERY,
with partner Chesapeake Energy, at an IP of 1800 MCFD in the Bullard
formation. |
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May 2001, Matagorda
County, Texas |
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WhitMar announces the
completion of the Baer Ranch #1 DISCOVERY,
with Partner Revere Corporation, at an IP of 10,765 MCFD in the
Frio formation. |
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December 1999,
Latimer County, Oklahoma |
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WhitMar announces the
completion of the McCabe #1 DISCOVERY,
with partner KCS Resources, at an IP of 4400 MCFD in the Bullard
formation. |
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January 1999,
Latimer County, Oklahoma |
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WhitMar announces the
completion of the Puckett #1-15 DISCOVERY,
with partner BP Petroleum, at an IP of 8874 MCFD in the Bullard
formation. |
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