Jeff Rand and Wave Energy Acquire Leases at Fandango Field in Zapata County, Texas
Wave Energy president Jeff Rand announced recently that the company has acquired leases at the Fandango Field in Zapata County, Texas, with drilling expected to begin soon on the DeGarza Wells that will cover the Wilcox trend.
Houston, TX, August 29, 2009 --(PR.com)-- According to Wave Energy president Jeff Rand, Wave believes that it has identified a promising accumulation in a fault block on the Wilcox trend in and around the Fandango Field in Zapata County, Texas.
In addition, Wave Energy has announced that it has acquired leases at the Fandango Field in Zapata, with drilling is expected to begin soon on the DeGarza Wells that will cover the Wilcox trend.
The prospect closure covers an area of 700 square acres and is located adjacent to the southernmost leases of the Fandango Field. This field was discovered by Shell in the 1970s and developed into the mid-1980s. Early wells in the Wilcox trend targeted very deep reservoirs of 16,000-18,000 feet.
A second round of development occurred in the late 1980s and in the time since, eight other wells have been completed in the same reservoir that have delivered solid returns.
“Sufficient well log and seismic control exists to make an accurate integrated interpretation of regional structure and stratigraphy in this Wilcox trend extension,” explained Rand. “Additionally, the regional growth faults and rollover anticlines present plenty of new exploration frontiers, each of which holds the promise of significant additional reserves in the Wilcox trend.
About Jeff Rand and Wave Energy
Wave Energy was incorporated in November, 1998 and was formed to initiate, manage, acquire, supervise and operate oil and gas ventures and to otherwise engage in the oil and gas industry and exploration business.
Jeff Rand, a 20-year veteran of the oil industry, formed Wave Energy Corporation, where in his current capacity as President of the Company he is responsible for all facets of the business and activities of the Company. This includes the negotiation of farm-out agreements and leases, supervision of drilling activities, supervision of Operations, and all activities related to the organization and structure of drilling programs sponsored by Wave Energy.
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In addition, Wave Energy has announced that it has acquired leases at the Fandango Field in Zapata, with drilling is expected to begin soon on the DeGarza Wells that will cover the Wilcox trend.
The prospect closure covers an area of 700 square acres and is located adjacent to the southernmost leases of the Fandango Field. This field was discovered by Shell in the 1970s and developed into the mid-1980s. Early wells in the Wilcox trend targeted very deep reservoirs of 16,000-18,000 feet.
A second round of development occurred in the late 1980s and in the time since, eight other wells have been completed in the same reservoir that have delivered solid returns.
“Sufficient well log and seismic control exists to make an accurate integrated interpretation of regional structure and stratigraphy in this Wilcox trend extension,” explained Rand. “Additionally, the regional growth faults and rollover anticlines present plenty of new exploration frontiers, each of which holds the promise of significant additional reserves in the Wilcox trend.
About Jeff Rand and Wave Energy
Wave Energy was incorporated in November, 1998 and was formed to initiate, manage, acquire, supervise and operate oil and gas ventures and to otherwise engage in the oil and gas industry and exploration business.
Jeff Rand, a 20-year veteran of the oil industry, formed Wave Energy Corporation, where in his current capacity as President of the Company he is responsible for all facets of the business and activities of the Company. This includes the negotiation of farm-out agreements and leases, supervision of drilling activities, supervision of Operations, and all activities related to the organization and structure of drilling programs sponsored by Wave Energy.
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Contact
Wave Energy Corporation
Jeff Rand
713-278-8334
waveenergy-inc.com
Jeff Rand
713-278-8334
waveenergy-inc.com
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