Posted in | News | Oil Shale | Mining Business

Bering Exploration Commences Process to Perform Drilling in State of Texas

By Joel ScanlonApr 27 2011

Bering Exploration has commenced the process, which is to be approved by the Texas State to perform drilling operations in Texas. The company is anticipating the approval in the subsequent thirty days.

Recently, the company has started the drilling operations at its Gulf Coast property having possible income valued at $29 million over the prospect’s life. In addition, Bering will drill four test wells primarily on Eagle Ford shale play in Central Texas that targets gross potential reserves of $11 million. The company will use the drilling results to assist the design and expansion of more deeper drilling program for the 116 potential well sites, which targets more than $300 million in gross potential reserves. This information is based on the present oil and gas price considering that all the wells are drilled and successful.

The expecting license will permit Bering to begin the Phase I drilling program at the Eagle Ford shale play.

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.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

APA
Scanlon, Joel. (2019, March 19). Bering Exploration Commences Process to Perform Drilling in State of Texas. AZoMining. Retrieved on November 22, 2024 from https://www.azomining.com/News.aspx?newsID=3994.
MLA
Scanlon, Joel. "Bering Exploration Commences Process to Perform Drilling in State of Texas". AZoMining. 22 November 2024. <https://www.azomining.com/News.aspx?newsID=3994>.
Chicago
Scanlon, Joel. "Bering Exploration Commences Process to Perform Drilling in State of Texas". AZoMining. https://www.azomining.com/News.aspx?newsID=3994. (accessed November 22, 2024).
Harvard
Scanlon, Joel. 2019. Bering Exploration Commences Process to Perform Drilling in State of Texas. AZoMining, viewed 22 November 2024, https://www.azomining.com/News.aspx?newsID=3994.