Posted in | News | Oil Shale

Bering Exploration to Offer Drilling Services for Eagle Ford Shale Play

By Joel ScanlonApr 18 2011

Bering Exploration has hired Dependable Working Partners to offer drilling assistance for its Eagle Ford shale play, Central Texas.

This property has prospective 3,000,000 barrels of oil as gross reserves that costs $318 million or $13.25 per share depending on the existing oil price and the outstanding shares and on the presumption that the drilling of all wells will be successfull. Bering holds a 100% working interest and an 80% net profit interest in Eagle Ford shale play.

Recently, Bering has announced that it will drill four test wells primarily at its Eagle Ford shale play. The company will employ the drilling results to assist in depth drilling campaign to drill the remaining 116 promising well sites.

The company has brought together an experienced and skilled group to help in the drilling program by engaging Dependable Working Partners. Bering will soon receive the drilling permits and commence the same.

Source:

http://www.beringexplore.com/

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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Scanlon, Joel. (2019, March 19). Bering Exploration to Offer Drilling Services for Eagle Ford Shale Play. AZoMining. Retrieved on November 22, 2024 from https://www.azomining.com/News.aspx?newsID=3935.
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Scanlon, Joel. "Bering Exploration to Offer Drilling Services for Eagle Ford Shale Play". AZoMining. 22 November 2024. <https://www.azomining.com/News.aspx?newsID=3935>.
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