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OIL & GAS EXPLORATION / REAL ESTATE / GULF COAST / SINCE 1968
100,000 – 300,000 Barrels of Oil per Month to the 100% Working Interest is the immediate potential and the goal.
At $60/BO that would be $6-$18,000,000 per Month
HIGH POINTS –
STACKED OIL RESERVOIR POTENTIAL – 24+ SANDS - PROVEN OIL SHOWS in PRIMARY
TARGET COTTON VALLEY SANDS : ITW is 150’ high and offsetting key SHELL Glenpool #2 well
with 150’+ calculated by-passed pay in 24 sands across 1,700’ of Cotton Valley Section lying in 2 fault
blocks with an additional 400’ of section faulted out. Overlying Rodessa, Sligo, Hosston Sands also
calculate oil pay, underlying Smackover and Norphlet have 400’+ proven oil pay. (Analog Crawford Creek
Field has 33+ producing Cotton Valley oil sand reservoirs stacked)
EXCELLENT HIGH RATE & CUM PRODUCTION POTENTIAL:
Analog Production Rates to 1,705 BARRELS OIL PER DAY
Cumulative production to 1,362,711 BARRELS OF OIL PER WELL
AFE: DRILLING $1,600,000 / COMPLETION $875,000
EXCELLENT DEVELOPMENT UP-SIDE: DEVELOPMENT POTENTIAL IN 4 FAULT BLOCKS
Calculated by-passed pay in 2 fault blocks, oil by swcores and C1-4’s by mudlog in another fault
block, 4th fault block is virgin (has never had a single well drilled)
3-D ACROSS ENTIRE FIELD – 1,000’ NORTH DIP (100ms on 3-D data set) – excellent risk reducer
(best look at this field to date)
THE TIME OF OPPORTUNITY IS NOW –DEAL STRUCK WITH FIELD OPERATOR
(RECENTLY LEASED 2,000 ACRES with additional 2,742 ACRES FARMED-IN)
FIELD INFRA-STRUCTURE IN PLACE – Access to nearby pipelines and salt water well
CAPTURE MOST WITH JUST 2 WELLS – Drilled on 400 acre units – drill additional in-fill wells
within these same 400 acre units after they are HBP
LOCATED ALONG EXTREMELY PROLIFIC OIL PRODUCING RIDGE – located between
Chunchula (65 MMBO, 422 BCF) & Hatters Pond (76 MMBO, 422 BCF) to Crawford Creek Field (6.5
MMBO, 2.4 BCF)
EXCELLENT TOTAL RESERVE POTENTIAL to Craft, et al: 30 MILLION BARRELS & 50 BCF GAS
CRAFT COMPANIES - SINCE 1968 - with 34 NEW FIELDS GENERATED SINCE 2006
LOCATED ALONG SHOWN PROVEN GIANT RESERVE OIL TRAPPING SALT RIDGE
Onshore U.S., private lands, private oil, 46-48 API gravity, sweet, easy to reach, excellent
infrastructure... and stacked oil reservoir pays are now proven and well documented through good 10+
year production histories, now in multiple oil fields in the area. Our studies show this play is ripe for
expansion and exploitation of additional similar stacked oil reservoir fields.
Quick cash flow- 1,000 BOPD per well with WTI + $5 pricing
1,160 Barrels of Oil per Day & 1,124 MCF in Crawford Creek Field (analog field)
1,705 Barrels of Oil per Day and 1,814 MCF in Maynor Creek Field (analog field)
Further still are the wells above average cumulative production, with the good wells in Crawford Creek
making 845,178 and 1,149,647 Barrels of Oil and the best well making 1,362,711 Barrels of Oil.
Inexpensive to test:
$1.135 Million buy in (GG&L / 2,000+ acres leased – 2,742 acres Farmed-In)
$1.600 Million (AFE to Drill to 16,000’) $0.875 Million (AFE to complete flowing well)
5-20 wells additional upside – stacked pay – multiple fault blocks
Contacts:
Steven H. Craft, Sr. / ph: 601-594-4400 / email: stevecraft@att.net
Steven H. Craft, Jr. / ph: 601-906-7679 / email: steven@thecraftcompanies.com
Tom Turner / ph: 251-517-7118 / email: tturnerjr@yahoo.com
Robert Hammons / ph: 281-352-3839 / email: Robert.hammons@aol.com
Mike Foley / ph: 214-538-8553 / email: mikefoley@newmarc.net
web: thecraftcompanies.com
SOUTH STATE LINE FIELD COTTON VALLEY DEVELOPMENT PROSPECT
EXECUTIVE SUMMARY AND TERMS OF TRADE
POTENTIAL & PUD RESERVES: Huge profit margins for these type reserves
COTTON VALLEY POTENTIAL: 20 Million Barrels Oil & 20 BCF Gas : 30+ Potential Pay Sands
(5 Million Barrels Oil & 5 BCF Gas Potential per fault block / 4 fault blocks)
Primary Target: 16,000’ test (AFE to casing point: $1,600,000) 150’ high and offsetting key
Glenpool #2 well with 150’+ calculated by-passed pay in 24 sands across 1,700’ of Cotton Valley
Section lying in 2 fault blocks with an additional 400’ of section faulted out
ADDITIONAL SHALLOWER POTENTIAL: 10 Million Barrels Oil & 10 BCF Gas
(Total Potential for Hosston, Rodessa, Sligo, Paluxy. W-F, L. and U. Tuscaloosa, calculated by-passed
pay in Rodessa, Sligo, Hosston in key Glenpool #2 well- ‘free to see’ on the way down)
ADDITIONAL DEEPER PUD RESERVES: 12 BCF & 425,000 Barrels Condensate
(Smackover- This requires a deeper, over-pressured well with extra string of pipe and is a well that
we would recommend at a later time)
TRADE:
$1,135,000: Buy In to the 100% WI
($900,000 / Leases (2,000 acres x $450/nma))
($235,000 / 3-D/Geophysics/Geology/Generation)
($0 / Farm-In acreage (2,742 acres x $0.00/nma))
COMMITMENT: Rig Prices are low.
$1,600,000: Drill 1 Initial Test Well
($1,600,000 / Approx. AFE to drill ITW (to 16,000’ to test Cotton Valley))
If successful, the estimated AFE to complete well (flowing Cotton Valley Well) is $875,000
CARRY TO SELLER:
20% Back-In After Payout
on each well that pays out, then, at the time of payout, the Seller will back-in for a
20% WI on that well.