Portfolio
Discovery Highlights
o In 1982 as a geologist for JC Williamson Midland, Tx. We discovered the Brushy Draw Delaware Field in Eddy County, New Mexico. The discovery well: UCBHWW No. 1 IP’d at 325 BOPD. We then drilled 50 successful development wells. The cumulative production to date is 10 MMBO generating in excess of $350MM at a field development cost of $100MM.
o In 1985 I discovered the Ross Draw Delaware Field in Eddy County, New Mexico. The discovery well, Ross Draw Unit No.14 IP’d for 72 BOPD. We then drilled 8 successful development wells and sold one-third interest and operations in the field to RKI for $20MM. The field is still being developed vertically in the Delaware formation and horizontally in the Avalon Shale. At the time of the sale the Delaware formation is estimated to have cumulative production of 750M barrels of oil from 8 wells. This lease was recently sold to Devon for future development of Bone Spring and Wolfcamp horizontal wells.
o From 1989 – 1997 opened and headed a Permian Basin office in Midland for Kerry Petroleum out of New York.
o In 1992 I made the Big Lion Field discovery in the Delaware/ 3rd Bone Spring in Ward County, Texas. The discovery well was a vertical and operated by Devon Energy named the John V. Wilson #1, this well IP’d for 216 BOPD. This was pre-horizontal Bone Spring development.
o In 1993 I discovered the Brushy Draw North Delaware Field in Eddy County, New Mexico. Acquired acreage on farmout at no cost and field has generated $180MM
revenue thus far. The discovery well, the Brushy Draw North No.1 IP’d at 136 BOPD and was drilled by Southwest Royalty. Eight successful development wells were drilled. The field was sold to Clayton Williams as a part of the Southwest Royalty acquisition by Clayton Williams. Cumulative production in the field at time of sale was 600M+ barrels of oil. Currently the field is still being developed in Avalon Shale, 2nd Bone Spring and Wolfcamp Shale horizontally.
o Kerry Petroleum purchased the Rocker A NW San Andres Field in 1995 in Garza County, Texas from American Exploration. We then drilled 20 development wells designed and installed waterflood. We then tripled production to 300 BOPD. Bought property for $1.5MM and sold for $20MM.
o As an independent geologist from 1997-2009 I drilled and developed 12 separate Atoka/Morrow projects in Eddy and Lea Counties, New Mexico. Made 11 successful commercial discoveries and 1 dry hole with a total generating cost of $14MM and revenue of $40MM. One of the discovery wells was the Mescalero No. 1 Chaves County, New Mexico that IP’d for 285 BOPD and 3.4 MCFPD was in the top 5 discoveries in the state of New Mexico for the year 2006.
o In 2006 made a multi-pay discovery (Delaware, 2nd Bone Spring, Atoka and Morrow) in the Corbin Area of Lea County, New Mexico. This project has generated more than $50MM in revenue. COG drilled the Scooter 2H, 2nd Bone Spring horizontal completion IP’ing for 970 BOPD. They subsequently drilled another Scooter horizontal well and have since drilled 2 more 2nd Bone Spring wells on offset acreage within the lease. The Dos Abuelos No. 1H & 2H have made over almost 550MBO since being drilled in 2014.
o From 2009 - 2013 was VP of Exploration for Atlantic Exploration. Recommended and bought 40,000 gross acres in Reeves, Ward and Pecos Counties, Texas and began drilling the earlies horizontal wells at that time. Performed all geological presentations in 2011 to acquire funding for the project (obtaining $160MM plus an estimated $50MM in development drilling as an NGP backed company). The first discovery well was in 2012 in the Phantom Field in the 3rd Bone Spring formation in Ward County, Texas. The Yadon 1H IP’d for 2000 BOPD. Three additional successful development wells were drilled. After drilling and completing 24 horizontal wells the project was sold to Centennial Exploration of Denver 18 months later for $300MM+. Currently, Centennial is still successfully drilling on acreage we acquired in 2012. These assets are currently worth well over $500MM.
o Since leaving Atlantic Operating in 2013, I have concentrated on generating Bone Spring and Wolfcamp horizontal prospects in the northern Delaware Basin of southeastern New Mexico, where I have had several significant discoveries. Currently I have interests in projects with COG, EOG, Marshall and Winston, BTA, SDX, Caza Petroleum, and Mewbourne Oil Company.
o In 2017 I made a 2nd Bone Spring discovery with Marshall & Winston in Section 24, T20S-R35E, Lea County, NM, this well had an initial rate of 816 BOPD and 288 MCFPD and produced over 100,000 BO in 8 months.
o In addition, Caza Petroleum has completed the Eagle Claw #1H in Section 5, T20S-R35E, Lea County, NM as a 3rd Bone Spring completion and IP’d for 1,550 BOPD and 1,192 MCFPD and produced over 250,000 BO in the first 6 months, this is a top tier well for Lea County in 2017. A second Eagle Claw well was also drilled in the 3rd Bone Spring Sand.
o The Eagle Claw #2H has produced 586,000 BO and the Desert Rose has made 216,000 BO, this well was a victim of the parent/child relationship with the COG – Blue Jay #2H on the offset lease just west of the Desert Rose. If the Desert Rose had been drilled a year earlier it would have been a much better well. Currently, Caza has 5 additional wells that will SPUD in May/2021 and have an additional 30 PUD locations on this project for future drilling that have 6 total benches.
o Since 2017 I have been actively acquiring additional acreage in Eddy & Lea counties and have drilled 23 additional horizontal wells in 4 other prolific project areas of SE New Mexico. As of March, 2021, I am in the process of closing on 3 new acreage acquisitions.
In 2019 while working with my son, who is also a petroleum geologist, we identified and acquired 24,000 acres in the northern Midland Basin which we sold to an operating company from Fort Worth and will be drilling our first pilot hole to evaluate the areas potential in the summer of 2021. During the past 12 months EOG has acquired 70,000 acres surrounding our acreage block and has drilled 4 wells but have released very limited well information to date.
