Wednesday, June 12, 2019

Prime Rock Resources and New Dawn Energy Form A Joint Venture

Prime Rock and New Dawn announced a joint venture today.  The maps below depict the acreage in the Austin Chalk Play.  The large combined contiguous block is within and adjacent to Masters Creek Field that has produced over 45 MMBOE since the 1990's (25.2 mmbo, 116 bcf, 310 mmbw)  The depths of the "core" block range from 14000'-19000' TVD.  It is located south of the Fredericksburg Shelf Edge in the downdip "D" fairway.  Depletion and water production will be the likely risks on the acreage within the old field boundary.

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