Weigang

Atascosa County, Texas

Pipeline Resources, with three other oil and gas companies, acquired a producing property, the Weigang Field, in April 2001. The field is comprised of 2,752 surface acres and is approximately 70 miles southeast of San Antonio. The Weigang Field is also referred to as the Fashing Field due to its location in the southeastern portion of Atascosa County, Texas, near the small community of Fashing.

Production from the field was first initiated in July 1946. Subsequent drilling of 35-40 wells in the immediate vicinity defined a productive anomaly along a relatively narrow structure with the major axis parallel to a northeast-southwest tending up-to-the-coast fault. The Weigang Field is the largest Carrizo field ever discovered. To date it has produced over 15 million BO.

The Weigang project consists of nine wells including a new wellbore successfully drilled in April 2008 and a rework completed in August. Eight are producing, one is inactive. Monthly production exceeds 4500 BO. A horizontal well may be drilled on the property in the second quarter of 2010.