NEW - Marketing & Data Acquisition agreement with SCOTT ECKERT of Petro-Dyne LLC
Copeland worked with the geologist, found funding source and negotiated the contract for a large Marcellus Shale acreage acquisition. Copeland ended up with an ORRI ownership in 220,000+ acres and a mineral ownership in 85,000+ acres.
PROVEN TECHNOLOGY TO DRILL WELLS IN BETTER LOCATIONS and to avoid drilling in poor locations.
Also very useful in the development of water flood injection patterns.
Carter Lease - Direction of horizontal leg was reversed as a result of HS Survey & produced 75,116 BO in first 19 months, still producing 91 BOPD. Horizontal was only in zone 200 feet at a vertical depth of 2,800 feet.