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Mission River
Pipeline Resources has recently acquired several leases located in the Mission River Field area of Refugio County, Texas . The Mission River Field is located within a portion of the Frio Trend that is unequaled for its prolific oil and gas production.
Structurally, the area is situated within the Sam Fordyce-Vanderbilt Fault zone, which has created abundant structural traps which range from large anticlines to very subtle fault closures. Depositional, this portion of the Frio Trend is commonly referred to as the Greta-Caranchua barrier strandplain, which are excellent quality reservoirs. This combination of structural and depositional elements has made this portion of the Frio Trend a premier producing area for over 60 years. It remains one of the most attractive areas for additional developmen t along the Texas Gulf Coast .
Four wells have been drilled on the Mission River field to date; all of which have encountered oil and gas production. The lease is currently producing 30 BOPD and 745 MMCF per day. Development of the lease is ongoing to further explore the reserve potential of middle and lower Frio sections found in these initial wells. Based on the success thus far, Pipeline Resources will most likely drill 4-5 more wells on the Mission River field itself. And, we are actively inventorying as much acreage as possible along this trend for addition development.
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