Maverick Energy Group has current drilling in Caldwell County on the Larremore Fields in South Texas, and have been operating the Big Foot Field originally engineered by Shell. We also have a number of producing wells in West Virginia.
Currently drilling in the Larremore field in Caldwell county. This acquisition is in a proven area of know oil reserves since 1948. We have drilled SWD wells and 3 of the 4 wells in our current offering. Our plan is to continue developing this unique area including the deeper zones that have not been explored. Maverick controls 654 acres of the field.
We have drilled 7 successful gas wells in 2005 through 2007. Currently producing and even though natural gas prices are low, the annualized returns are very competitive in a low interest environment. The company has also identified some great acquisitions in this booming area for future drilling and production purchases.
Approximately 800 acres (previously owned and developed by Diamond Shamrock) is adjacent to the Big Foot Field. Lease acquired based on the company’s reputation and success for increasing production and equity value. The area has identified and produced significant amounts of oil since the late 1940’s. The drilling area is home to the Bigfoot field that has produced over 52 million barrels of oil. Drill sites are located in areas of accessible drilling and pipeline access. Maverick controls 100% of leases.
The Eagle Ford shale (often spelled Eagleford) is not the next big thing in oil and gas plays, it is the “right now” big thing. You may have never heard of the Eagle Ford shale if you live outside of South Texas or are not in the oil and gas business but it will be big news in business circles around the rest of the country in the coming months. First recognized as a major natural gas play it is now being seen as possibly the sixth largest oilfield ever discovered in the United States and the largest discovery in over forty years.