American Standard Energy Corp. Announces 3rd Spud for Phase 1 Permian Basin ...
/PRNewswire/ -- American Standard Energy Corp. (the "Company") (OTCBB: ASEN), announces 3rd spud for 10 net well drilling program in Andrews County, Texas.The JW #5 rig has hit total depth in Andrews County University 8 #1 location, moved and has spud the 3rd location in Andrews County, the University 8 #5 location.
The Company intends to drill the University Andrews 8 #5 well to the Strawn and completed in the Strawn, Wolfcamp, Spraberry and Lower Clearfork formations. The Company will own 100% working interests in all 10 wells.
About American Standard Energy:
American Standard Energy Corp. is a non-operated exploration and production company based in Scottsdale, AZ. ASEN's primary focus is balanced between the Permian Basin, the Bakken and Eagle Ford oil shale resource prospects in the continental United States. ASEN currently controls approximately 38,500 net acres in the following three primary prospect areas:
30,800 core net acres targeting the Bakken/Three Forks in North Dakota; 6,500 net acres targeting the Permian formation in West Texas; 1,200 net acres targeting a specific Eagle Ford prospect in South Texas;
Forward Looking Statements
Except for the historical information contained herein, this press release contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Securities Act of 1933 (the "Securities Act") and the Securities Exchange Act of 1934 (the "Exchange Act"). All statements other than statements of historical facts included in this report regarding our financial position, business strategy, plans and objectives of management for future operations, industry conditions, and indebtedness covenant compliance are forward-looking statements. When used in this report, forward-looking statements are generally accompanied by terms or phrases such as "estimate," "project," "predict," "believe," "expect," "anticipate," "target," "plan," "intend," "seek," "goal," "will," "should," "may" or other words and similar expressions that convey the uncertainty of future events or outcomes. Items contemplating or making assumptions about, actual or potential future sales, market size, collaborations, and trends or operating results also constitute such forward-looking statements.
Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond our Company's control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following: oil and gas prices, our ability to raise capital, general economic or industry conditions nationally and/or in the communities in which our Company conducts business, changes in the interest rate environment, legislation or regulatory requirements, conditions of the securities markets, changes in accounting principles, policies or guidelines, financial or political instability, acts of war or terrorism, other economic, competitive, governmental, regulatory and technical factors affecting our Company's operations, products, services and prices.
Andrews County Texas - News
(the "Company") (OTCBB: ASEN), announces 3rd spud for 10 net well drilling program in Andrews County, Texas. The JW #5 rig has hit total depth in Andrews County University 8 #1 location, moved and has spud the 3rd location in Andrews County,
company completed three acquisitions - conventional oil producing properties in North Texas, acreage prospective for the oil and liquids-rich Barnett Shale in Montague County, and acreage prospective for the Wolfberry play in Andrews County, Texas.
Authorization for radioactive waste to be brought into Andrews County in West Texas. Changes that prevent state agencies such as the Texas Parks and Wildlife Department from actively participating in the contested case hearing process challenging the
to receive 80% of SandRidge's net revenue from 509 producing wells, and 70% of the Oklahoma City, Oklahoma-based exploration-production company's net revenue from an additional 888 development wells on 16800 net acres in Andrews County, Texas.
Data released Thursday by the Texas Education Agency shows more area school districts didn't meet federal standards for Adequate Yearly Progress. Andrews, Glasscock County, Grady, Greenwood and Stanton ISDs did meet the federal standards.
Clayton Williams provides operations update (Scandinavian Oil-Gas ...
Clayton Williams provided an operations update on its drilling activities, by area:
Wolfbone Oil Play (Reeves County, Texas) The Company is in the early stages of a major oil play in Reeves County targeting the Bone Springs and Wolfcamp formations (Wolfbone). The Company has leased 20,000 acres and will add significantly more acreage through a drill to earn farm-out agreement with Chesapeake Exploration. CWEI earns a 75% interest in 640 net acres for each well that it carries Chesapeake to the tanks for a quarter interest.
The Company is making significant front-end investments in this play: to acquire the acreage, the Chesapeake Carry, and to build pipelines and other infrastructure. The amount and timing of these investments will depend on drilling results.
Drilling and completion operations have begun on 13 wells. We are currently running seven rigs in Reeves County and plan to increase the rig count to 11 rigs in the near future.
"Early indications are encouraging," stated Clayton W. Williams, Jr., President and Chief Executive Officer of the Company, "but we need more production data. We are accelerating drilling operations to meet the Chesapeake agreement and to further evaluate our acreage."
Wolfberry Oil Play (Andrews County, Texas) To date, the Company has drilled 154 Wolfberry wells in Andrews County, 128 on 80-acre spacing and 26 on 40-acre spacing. The Company has an inventory of approximately 80 80-acre locations and 180 40-acre locations for future development drilling. The Company currently has three rigs running in Andrews County, but plans to reduce the rig count to one rig in the near future.
During the second quarter of 2011, the Company produced approximately 2,800 barrels of oil and natural gas liquids per day and 1,250 Mcf of natural gas per day from this area, as compared to 1,600 barrels and 400 Mcf per day during the second quarter of 2010.
Deep Bossier Trend The Company has begun drilling the Hamill Foundation #1, an 18,000-foot exploratory well in Leon County, Texas. This well targets a Deep Bossier sand that is offsetting and updip to the Company's Big Bill Simpson #1. The well is expected to cost approximately $10 million to drill to casing point.
Andrews County Texas - Bookshelf
Andrews County, Texas, 1960 petroleum review
People from Andrews County, Texas, Elmer Kelton, Max Lucado, Shaud Williams
Occurrence of oil and gas in west Texas
FUHRMAN-MASCHO FIELD Andrews County. Texas W. DAVE HENDERSON, Consulting Geologist, Midland, Texas and JOHN M. HILLS, Consulting Geologist, Midland, Texas ...Springs of Texas
... numerous springs and seeps in Andrews County. Most of them occurred along the major draws and around the large lakes, where there was sufficient relief ...1980 census of population, metropolitan commuting flows. Subject reports. Journey to work
Worked outside SMSA New Mexico Lea County Texas Andrews County Crane County Midland County Midland city Remainder of county „„__, Milom County Pecos County ...Day-after-day Knowledge Directory
Andrews County
Andrews County History. Andrews County came into existence in 1876 when the 15th Legislature of Texas created 54 counties in the Panhandle and South Plains. ...
Andrews County, Texas - Wikipedia, the free encyclopedia
Andrews County is a county located in the U.S. state of Texas. ... Andrews County is one of 30 prohibition or entirely dry counties in the state of Texas, although an election ...
Welcome to Andrews County, Texas presented by Online ...
Andrews County, Texas with a common. world wide address with other Texas counties. ... Andrews County Courthouse - Andrews, Texas. Home. Official Andrews ...
Andrews Chamber of Commerce
Andrews, Texas is indeed a community in motion. Our fervent ... This site includes information to make your Andrews, Texas visit an enjoyable one. ...
Andrews, Texas - Wikipedia, the free encyclopedia
Andrews is a city in and the county seat of Andrews County in the U.S. state of Texas within the West Texas region.[3] The population was 10,448 in 2009. ...