|
Cameron Meadows Land Company Lease Located on the eastern flank of the Cameron Meadows Salt Dome, this lease has been producing since the 1970’s from numerous formations with depths ranging from an oil zone at 1200’ to a gas zone around 8000’. Cumulative oil production is over 4 million barrels and gas production is over 2.5 bcf. Many of the existing wells, both shut-in and producing, have behind pipe oil and gas zones. Although 43 wells have been drilled on the lease, 16 wells remain with 10 oil producers, one shut-in gas producer, one saltwater disposal well, and 4 shut-in wells. The lease is producing approximately 90 bopd from 10 wells. All of the wells are in shallow water, five to eight feet deep. The central separation facility is located on land and accessed by boat. There are at least two shut-in wells that have remediation potential.
Cameron Parish School Board Lease Located on the northern flank of the Cameron Meadows Salt, 43 wells have also been drilled on this lease. Producing formations range in depths from 1350’ to 5273’. The section was active from the 1930’s until 1991 when all remaining wells were plugged and abandoned and the lease returned to the landowner. Two new wells were drilled; CPSB #2 in 1993 and CPSB #1 in 1998. Both wells were eventually shut-in by 2000 and the lease returned to the landowner. Cumulative oil production is over 6 million barrels. In 2003, RELLC obtained a lease on the property and began operations to return the two shut-in wells to production. CPSB #2 is currently making 10 bopd while the CPSB #1 was initially a gas well but upon depletion is shut-in awaiting future utilization. CPSB #3 (a re-entry of the plugged Well #37) was completed in 2004 and utilized as a saltwater disposal well while CPSB #4 (a re-entry of the plugged Well #31) was recently completed flowing approximately 60 bopd before increased water production required the well to be shut-in awaiting the installation of a pumping unit.
|