Torchlight orogrande basin

Torchlight orogrande basin. , today announced that the Board of Directors has engaged ROTH Capital Partners to conduct the process of marketing the Company's Midland Basin Assets also known Oct 31, 2018 · Two crossed lines that form an 'X'. News Flash: On March 10, Torchlight Energy announced that $7. Aug 21, 2018 · Oil & Gas Firm Makes Progress at Its Orogrande Basin Project. Feb 20, 2020 · Torchlight Energy Resources Inc. (TRCH:NASDAQ) entered an agreement that will boost its interest in the Feb 22, 2017 · Torchlight Energy last traded (as of the close 2/17/2017) at $1. Since then there has been a modest amount of test drilling, but that asset essentially Jul 19, 2019 · PLANO, TX / ACCESSWIRE / July 19, 2019 / Torchlight Energy Resources, Inc. (TRCH:NASDAQ) completed the drilling phase of the A39 #1 well in addition to the A11 #2 well, both located in the Orogrande Basin in Hudspeth County, Texas. The vertical, deep exploration well, drilled through the unconventional Wolfcamp, Penn, Barnett and Woodford zones, reached a total depth at 7,623 feet. Torchlight Energy's consulting geologist, Rich Masterson, together with the Orogrande Project Operator, Founders Oil and Gas has selected the next new well Jul 9, 2016 · Torchlight has a multiyear commitment from development partner Founders Oil & Gas for $50M, essentially fully funding concept prove-out of its contiguous acreage position in the Orogrande Project. " About Torchlight Energy Torchlight Energy Resources, Inc. (NASDAQ:TRCH) ("Torchlight" or the "Company"), today announced that in concert with ongoing efforts to identify 555-555-5555. 5% working interest in approximately 134,000 net acres. 3rd Floor, Arinkandi House, Plot 1 Raimi Adedokun Drive, Off General Hospital, Gbagada 2341 2956597, 084 302788, 092915260 info@pinnacleinsurancebrokersltdng. In case you were wondering why the oil pipeline from Canadian tar Apr 6, 2020 · PLANO, TX / ACCESSWIRE / April 6, 2020 / Torchlight Energy Resources, Inc. 8MMCFPD peak daily production Oct 31, 2019 · PLANO, TX / ACCESSWIRE / October 31, 2019 / Torchlight Energy Resources, Inc. Torchlight The Orogrande basin is just 1 of the TRCH assets. Masterson noted via press release that, so far, scientific information for the Orogrande project drill-out wells is comparing closely to analogies in the Midland Basin Wolfcamp A and B and Lower Feb 25, 2020 · Oil & Gas Explorer Proves Up Exciting Measured Oil and Gas Production from Orogrande Basin Project. During the relief period, Torchlight Nov 16, 2017 · Torchlight Energy Resources, Inc. Torchlight owns 72. For several years thereafter, the town was the hub of intense mining activity Torchlight Energy Resources, Inc. The well produced a ~1. Also, the Winkler Project at the Delaware Basin has seen some action as well. 2b barrels, Orogrande basin? Who else owns those numbers? Torchlight aka META 🔥 Mar 9, 2021 · Orogrande Project – 133,000 acres in the Orogrande Basin; six vertical test wells, and two horizontal wells successfully drilled to date. It indicates a way to close an interaction, or dismiss a notification. 5% working interest in full of the 133,000 net acre unit. In compliance with Governor Abbott's Stay-At-Home Order until at least April Dec 20, 2019 · Announces Frac on Its A35 #1H Well and Finishes Drilling the A25 #2 PLANO, TX / ACCESSWIRE / December 20, 2019 / Torchlight Energy Reso Jul 26, 2018 · Orogrande Basin to Be Designated as A New Field Discovery Torchlight Energy Resources, Inc. 31, 2018 (GLOBE NEWSWIRE) -- Torchlight Energy Resources, Inc. Dec 27, 2018 · Torchlight Energy Resources Inc. My readers and I took a nice profit from Energen after Diamondback Energy shelled out $9. The Orogrande is believed to be identical to the Midland Basin, which it is separated from by the Delaware. plans four vertical tests to 6,000 feet in the Orogrande Basin beginning this year, said Will McAndrew, COO. Jul 26, 2018 · Orogrande Basin to Be Designated as A New Field Discovery PLANO, Texas, July 26, 2018 (GLOBE NEWSWIRE) -- Torchlight Energy Resources, Oct 31, 2019 · Torchlight Energy Resources, Inc. Oct 31, 2019 · Two crossed lines that form an 'X'. 1%) says its board has engaged Roth Capital to market its Midland Basin assets, also known as the Hazel Project. McCabe is Torchlight's largest shareholder and provided entry for the Company into its two largest assets, the Hazel Project in the Midland Basin and the Orogrande Project in Hudspeth County, Texas. A frac performed in late April on a 1,000' later yields some very optimistic result Feb 25, 2020 · Torchlight Energy Resources Inc said on Tuesday it struck oil and gas at one of its development wells in the Orogrande basin in West Texas. (TRCH:NASDAQ) gave a "positive" operational update on its Orogrande asset, whose Pantheon Resources PLC (Tickers: US: PTHRF, UK: PANR); oil explorer; North Slope, Alaska: Theta West - LBFF - 17. It was the over abundance of natural gas that sparked McCabe's probing into Orogrande. 678 billion barrels in recovery potential from unconventional zones. The company paid a total consideration of 865,000 shares of Torchlight common stock and $100,000 in cash to the seller. Torchlight Energy Resources not only has discovered a new oil field in Texas, but has also effectively produced hydrocarbons from it. Jul 8, 2016 · Torchlight Energy, also via its Form 10-Q, has secured a multiyear commitment from development partner Founders Oil & Gas for $50 million in total exploration and development funding – Sep 25, 2015 · Dallas independent Torchlight Energy has drilled a wildcat test in the Orogrande Basin, 30 miles east of El Paso, Texas. The oil producer said it expects the new field – The Upper Pennsylvanian Silt (WolfPenn) – to be an oil-rich reservoir with significant volumes of gas as well, and that the geological properties are Oct 27, 2014 · Above: A map shows where Torchlight Energy Resources of Plano plans to drill for shale oil in the 172,000-acre Orogrande Basin Prospect, east of El Paso in Hudspeth County. Apr 3, 2017 · the Orogrande Basin Project manageable at reasonable cost and maximizes the attractiveness of the play to potential suitors in any future sale discussions. (TRCH:NASDAQ) announced in a news release that drilling of the A25 #2 well at its Orogrande Basin project encountered several conventional pay zones. , today provided an operational update covering the Company's West Texas Orogrande Basin Project and Hazel Project located in the Midland Basin area of the Oct 31, 2019 · PLANO, TX / ACCESSWIRE / October 31, 2019 / Torchlight Energy Resources, Inc. 72% of the property will not be operated on. In an Aug. 3 million in 2014. (NASDAQ: TRCH) ("Torchlight" or the "C Feb 25, 2020 · Torchlight Energy Resources Inc said on Tuesday it struck oil and gas at one of its development wells in the Orogrande basin in West Texas. 5 million in 2018, which gives a better idea of the potential worth of Orogrande Basin assets Jan 23, 2017 · January 23, 2017 at 08:00 am EST. said on Feb. With the signing, Torchlight has received an earnest money deposit in the amount of $100,000. announced that in concert with ongoing efforts to identify, provide scientific data and enter an agreement with potential suitors for development of the sizable Orogrande Basin Project development, the Company has completed the drilling of the Cactus A35 1H lateral with partner Maverick Operating and is Oct 31, 2018 · PLANO, Texas, Oct. 2bn OIP / + SMD Jun 25, 2019 · Over the short term, the plan is for Torchlight to continue to define the potential size and scalability of the Orogrande. Apr 6, 2020 · PLANO, TX / ACCESSWIRE / April 6, 2020 / Torchlight Energy Resources, Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company"), today announced that it has received approval from University Lands for a one year suspension of the 2020 drilling and development obligations on the Company's Orogrande Basin Project. , today provided an operational update covering the Company's West Texas Orogrande Basin Project and Hazel Project located in the Midland Basin area of the Aug 15, 2017 · Torchlight Energy Resources, Inc. [email protected] Sign Up Apr 5, 2017 · The DDU creation makes the Orogrande Basin Project manageable at reasonable cost and maximizes the attractiveness of the play to potential suitors in any future sale discussions. (TRCH:NASDAQ), an oil and gas exploration and production (E&P) company with rights to property in the Midland Basin, the Delaware Basin and the Orogrande Basin, just released an update on its first horizontal well, reporting production of 465 barrels per day. Mar 8, 2019 · PLANO, TX / ACCESSWIRE / March 8, 2019 / Torchlight Energy Resources, Inc. If you do the math on that it lands somewhere around $750m barrels total. Apr 9, 2018 · Torchlight Energy Resources (TRCH +3. The Torchlight is targeting operators with successful Delaware Basin horizontal experience to join in as a 50/50 partner to complete the test. Sure enough, they found oil, a lot of oil, probably the mother lode of oil that is soaking all that shale in the Permian Basin. TRCH currently has projects underway in the Midland Basin, Orogrande Basin, and the Delaware Basin. 2 net) acres. Torchlight Energy Resources Inc. 16 research note, analyst John White with ROTH Capital Partners reported that Torchlight Energy Resources Inc. Orogrande: Largest on-land oil and gas discovery in 3 decades. Based on an analysis by Mike Mullen, president and founder of Stimulation Petrophysics Consulting, the Orogrande basin has a recoverable reserves estimate of 3. provided an update to its Orogrande Basin Project and Hazel Project which is located in the prolific Permian Basin. 5% working interest) in Hudspeth County, Texas. (NASDAQ: TRCH) ('Torchlight' or the 'Company'), today announced that in concert with ongoing efforts to identify, provide scientific data and enter an agreement with potential suitors for development of the sizable Orogrande Basin Project development, the Company has completed the drilling of the Cactus A35 1H Jarilla Junction, once a station on the El Paso and Northeastern Railroad, was renamed Orogrande when a gold nugget the size of a man's finger was discovered in 1905. The initial significant news from Torchlight regarding the Orogrande Basin came in April last year. ( Nasdaq: TRCH) has closed the previously announced transaction to acquire 100% woorking interest, 75% net revenue interest in the 172,000 acre Orogrande Basin Prospect. ” Aug 15, 2017 · Torchlight Energy Resources, Inc. Located in Winkler County, Texas, the project includes 640 gross (67. 7 billion barrels of oil. But don't be misled, because the company controls a major play in the newly emerging West Texas Orogrande. today reported that Orogrande operator, Maverick Operating, will move its team in for a gas lift installation Torchlight Energy Resources Inc. , based in Plano, Texas, is a high growth oil and gas Exploration and Torchlight Receives Drilling And Development Obligations Relief On Its Orogrande Basin Jun 7, 2023 · Torchlight bought the Orogrande assets at the heart of the MMTLP saga for $3. Feb 25, 2020 · The Upper Pennsylvanian Silt (WolfPenn), a new field discovery made by Torchlight in its Orogrande Basin Project, is a hydrocarbon rich formation with over 600 feet of thickness. Its 30-day average daily volume (via Sentieo, YF, and Bloomberg) is 520,833 ($890,624). Torchlight continues carefully removing load water on its recently fracked Cactus A35 Feb 25, 2020 · Torchlight Energy Resources Inc. Torchlight execs and board members do collectively own just under 30% of outstanding shares. (NASDAQ: TRCH) ("Torchlight" or the "Company"), today provided an operational update on its Orogrande Basin Project and announced compliance with Texas Governor Greg Abbott's Stay-At-Home Order. , today announced that it has successfully pumped down completion fluid and indications of hydrocarbons have been seen at surface on the Company's second Orogrande Aug 6, 2018 · Torchlight has successfully confirmed the presence of a petroleum system in the Orogrande basin of West Texas. 6bn OIP of which 404m contingent resources (recoverable) / + Kuparuk - 341m prospective resources (recoverable) / + SFS - ~ 2. 8bn OIP of which 1. This area is located west of Feb 25, 2020 · Torchlight says the Cactus well's peak 24-hour production rates so far are 15 bbl/day and 110 K cf/day, which it says could be explorated to make a potential 1,500 bbl/day and 11M cf/day, or Jan 23, 2017 · Torchlight Energy Resources, Inc. Prospecting had started as early as 1879 in the Jarilla Mountains but the 1905 discovery started a gold rush and gave birth to the town of Orogrande. "This company is still flying under the market's radar… Sep 9, 2015 · By NS Energy Staff Writer 09 Sep 2015. Apr 9, 2018 · Torchlight Energy Resources, Inc. (NASDAQ: TRCH ) ("Torchlight" or the "Company") , today announced that the Company will host a corporate update Jan 17, 2018 · Torchlight Energy Resources, Inc. The funds were used for the expansive drilling at Orogrande Basin. , today provided an update to its Orogrande Basin Project and Hazel Project which is located in the prolific Permian Basin. PICTURES TO MAKE IT EASY. " Dallas Salazar, CEO of Atlas Consulting, wrote on April 3 that this was a "great day for Torchlight, with the announcement of its Drilling and Development Agreement Jun 15, 2021 · It holds interests in Texas, including the Permian Basin and the Eagle Ford Shale. (TRCH) ("Torchlight" or the "Company"), today announced that the Sep 24, 2014 · Torchlight Energy Resources, Inc. 5m contingent resources (IER) / SMD-B - 2. May 29, 2015 · • Well known Permian Basin expert Geologist, Rich Masterson originated the Wolfbone Play and developed thesis for the Orogrande Basin (WolfPenn) Feb 19, 2020 · Torchlight Energy Resources (TRCH +6. (NASDAQ: TRCH), based in Plano, Texas, is a high growth oil and gas Exploration and Production (E&P) company with a primary focus on . Imaging, rock properties Oct 18, 2018 · Orogrande Basin Project: Torchlight Energy has secured financing to expand its drilling efforts in its Orogrande Basin Project. 7 billion barrels of oil equivalent, the Plano, Texas-based company said. Now the cost of a barrel right now is $73 and it is increasing. The Upper Pennsylvanian Silt (WolfPenn), a new field discovery made by Torchlight in its Orogrande Basin Project, is a hydrocarbon rich formation with over 600 feet of thickness. com Sep 2, 2020 · PLANO, TX / ACCESSWIRE / September 2, 2020 / Torchlight Energy Resources, Inc. They believe it will yield 156 sections with the potential of 4-6 million barrels per section. 6 million market cap. Feb 26, 2020 · Torchlight Energy Resources is a small-cap oil and gas explorer. ,today announced that the Company will take back operational control from Founders Oil and Gas on its Orogrande Basin Project. 5% working interest in the assets for $2. Dec 27, 2018 · Source: Torchlight Energy. Feb 25, 2020 · Feb 25 (Reuters) - Torchlight Energy Resources Inc said on Tuesday it struck oil and gas at one of its development wells in the Orogrande basin in West Texas. 7%) trades higher after saying it encountered several conventional pay zones with its A25 No. VALOR, NEXT BRIDGE, GREG MCCABE AND OROGRANDE PROJECT. 78bn barrels likely contingent resources (recoverable) + UBFF / Alkaid Deep - 76. The oil producer said it expects the new field - The Upper Pennsylvanian Silt (WolfPenn) - to be an oil-rich reservoir with significant volumes of gas as well, and that the geological properties are similar to the Wolfbone and Wolfberry plays in the Aug 10, 2018 · Oil & Gas Firm Increases Stake in Orogrande Basin Project Research Report Source: Streetwise Reports (8/4/18) A ROTH Capital Partners report detailed the transaction. The company has successfully drilled a 1,000-foot, proof-of-concept lateral and completed with a six-stage fracture stimulation in the Pennsylvania formation. 6249% remaining rights to working interest in the oil and natural gas project the Company holds in the Orogrande Basin in West Sep 13, 2020 · The company owns the Orogrande Basin Project in the Permian Basin, which is just over 100,000 acres. Feb 21, 2019 · Torchlight Provides Update on Its Orogrande Basin Project Facebook LinkedIn Twitter Google+ Reddit Email. The oil producer said it expects the Apr 16, 2018 · The Orogrande is a largely ignored sub-basin in the Permian with similar characteristics to the better known Delaware and Midland basins. Torchlight will be joined by Oct 31, 2016 · Torchlight Energy Resources, Inc. Torchlight Energy Resources has signed a letter of intent to acquire Orogrande project in Hudspeth County, Texas, US. I believe it is unlikely that a cash Feb 5, 2020 · After analyzing the initial data, Torchlight's scientific team has identified multiple conventional pay zones. The Orogrande Basin Project & Its Big Breakthrough Orogrande is easily the largest project of Torchlight as it has a net acreage of around 134,000 with the Company having a 72. Jun 16, 2021 · The second-most likely outcome is that the Orogrande Basin assets are sold for a relatively modest amount, contributing to a cash payout of under $1 per share. The latest oil and gas news, dedicated to all things oil and gas: people, technologies Aug 7, 2014 · Torchlight Energy Resources, Inc. 134k ACRES, 3. Under the Farm-In, Torchlight’s new partner would be required to spend $50 million over the Feb 25, 2020 · The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices. The oil producer said it expects the new field—The Upper Pennsylvanian Silt (WolfPenn)—to be an oil-rich reservoir with significant volumes of gas as well, and that the geological properties are similar to the Wolfbone and Wolfberry plays in the Apr 9, 2020 · PLANO, TX / ACCESSWIRE / April 9, 2020 / Torchlight Energy Resources, Inc. The petrophysics and thermal maturities strongly suggested an oil-rich reservoir with a significant gas component. today announced that it has closed the previously announced transaction to acquire 100% Working Interest, 75% Net Revenue Interest in the 172,000 acre Orogrande May 16, 2023 · As a result of the Merger, Next Bridge now controls Wolfbone's 22. However, let's not forget the kind of attraction that the drillers have had over in the Permian Basin. A ROTH Capital Partners report relayed what work has been recently completed. today announced that it has signed a definitive agreement to acquire 100% Working Interest in 172,000 mostly contiguous acres in the Orogrande Basin in West Jan 23, 2017 · Torchlight Provides Operational Update for Permian Basin and Orogrande Basin Assets Facebook LinkedIn Twitter Google+ Reddit Email. The geology appears to be an analog for the Midland Basin Wolfcamp play. 25 it struck oil and gas at one of its development wells in the Orogrande Basin in West Texas. Torchlight is an exploratory driller and developer of oil and natural gas properties in the United States. TRCH has a 72. (NASDAQ:TRCH) ("Torchlight" or the "Company"), toda Aug 7, 2014 · Torchlight Energy Resources, Inc. Torchlight offers 168,000 contiguous acres in the heart of the Orogrande and has executed a five-year drilling lease with a second five-year option with the state of Texas University Land System. Over the following years, company executives talked up the potential of the assets in a series of media interviews, and in 2019 Torchlight released an assessment saying its Orogrande acreage could yield the equivalent of 3. today announced that it has signed a definitive agreement to acquire 100% Working Interest in 172,000 mostly contiguous acres in the Orogrande Basin in West Oct 28, 2022 · Prior to the reverse merger with Metamaterials the only producing leases that were under Torchlight control were sold off under the Winkler and Hazel project located in the Delaware and Centeral Basin and leaving only the Orogrande project in the Oragrande Basin. People think it will actually hit $100 this year. (TRCH:NASDAQ) gave a "positive" operational update on its Orogrande asset, whose Sep 13, 2020 · The company owns the Orogrande Basin Project in the Permian Basin, which is just over 100,000 acres. (10. Torchlight Energy Resources, Inc. That’s when the company announced a new field discovery, along with a third party reserve estimate of 3. However, the first horizontal well drilled into this Jul 7, 2016 · Results for the University Founders B-19 #1 well improved on initial well information derived from Orogrande project inception well Rich A-11 #1. 2 billion for the company in 2018. (TRCH) ('Torchlight' or the 'Company') today announced that th Feb 20, 2020 · Torchlight Energy Resources Inc. Torchlight Energy's consulting May 21, 2019 · These discussions have focused on Torchlight's scientific data gathered covering the Orogrande Basin including the report, prepared by Stimulation Petrophysics Consulting, which outlines the Mar 10, 2021 · The former operator of the Orogrande Project sold its 9. Feb 5, 2020 · The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices. The University Founders A25 #1H well has confirmed the existence of Feb 5, 2020 · PLANO, TX / ACCESSWIRE / February 5, 2020 / Torchlight Energy Resources, Inc. (NASDAQ: TRCH) ('Torchlight' or the 'Company'), today announced that it Menu icon A vertical stack of three evenly Dec 13, 2017 · Torchlight Energy Resources Inc. On the surface, the Jul 31, 2018 · Torchlight Energy signed a deal with the University of Texas on the 172,000-acre Orogrande Basin in September of 2014. After last week's results, he has a new trophy to plant on his mantelpiece with Feb 18, 2021 · Torchlight paid less than $20 per net acre for the Orogrande Basin assets back in 2014 when oil was $90. ) Torchlight Energy has a net revenue (NRI Jun 25, 2019 · Over the short term, the plan is for Torchlight to continue to define the potential size and scalability of the Orogrande. Torchlight Drill Pad In a July 27 research note, analyst John White with ROTH Capital Partners reported that on July 25 Torchlight Energy Resources Inc. The Orogrande Basin is the baby of oil expert Richard Masterson, discoverer on the Wolfbone shale play in the Delaware Basin in West Texas. Torchlight Energy has recently drilled a 1,000' lateral in Jan 9, 2021 · Torchlight's largest asset (in terms of size) is its Orogrande Basin project, which consists of 134,000 gross acres (72. , is pleased to announce the pilot hole of the University Founders A25 well in Orogrande has reached a vertical total depth of 5900 feet. The last Apr 11, 2019 · Torchlight intends to provide subsequent updates regarding further analysis and additional data relating to its Orogrande Project marketing process in the near future. 5 million of debt is being converted into Working Apr 4, 2017 · An agreement that Torchlight Energy and its partner have signed with University Lands consolidates 192 existing leases in the Orogrande Basin project into one lease. 72 with a $94. 5% working interest in the project. pr xb ev xv kn mc zw ve ur au