Gulf Coast secures large acreage position in South Louisiana for its Bonanza project

Published Nov 8, 2013
Gulf Coast Western, LLC

Dallas-based Gulf Coast Western, LLC has secured over 40,000 acres in South Louisiana and has obtained the necessary state and federal permits to begin a 3D seismic survey of the area. The 3D seismic survey, expected to begin in the first quarter of 2014, will provide detailed data on the acreage in Louisiana's Evangeline and St. Landry Parishes, which includes the Upper Wilcox, Lower Wilcox, Cockfield, Sparta and Frio formations. Based on the results of the 3D survey, Gulf Coast Western expects a drilling program to commence in the second quarter of 2014. Gulf Coast Western explores, develops and acquires domestic oil and gas reserves primarily in the Gulf Coast region of the United States.

'Our initial studies have determined there is tremendous potential in this area, and we are confident that the data from the survey will further confirm those studies,' said Gulf Coast Western CEO Matthew H. Fleeger. 'There has been significant development in this area in the last 10 years resulting from 3D surveys, and this is one of the last large acreage positions in the area that has not been surveyed. We have had very good success using 3D data to find reserves in fields like this that were previously thought to be depleted. The production results we are seeing in the areas around our Bonanza project are very encouraging, and we strongly believe we will see the same success from our exploration activities.'

Tags: Gulf Coast Western


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