Southern Star Exploration, LLC

Operations

Areas Of Operation

•Southern Star evaluated SEI’s Knight Merge 3-D and the Tyler/Kirbyville 3-D’s covering portions of Polk, Tyler, Jasper, Hardin, and Newton Counties and determined that multiple opportunities existed in the Frio, Yegua, and Wilcox trends.

•Southern Star assembled an investor group and purchased approximately 1000 square miles of 3-D seismic data for approximately $6,000,000. 

•Between 2012 and 2017 the group drilled 32 wells and completed 20 of them as commercial producers.  Total costs are approximately $45,000,000 including seismic, land, drilling, completion, and downstream facilities.

•Southern Star’s staff is responsible for the interpretation of the data, prospect generation, assembling of approved prospects, acquisition of oil and gas leases, and technical evaluations of the wells.

•The current daily production derived from that program is 4.5 MMCF and 1,000 barrels of oil.


 
Southern Star Exploration, LLC