Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/rockefeller-hughes-acquires-35-working-interest-in.shtmlRockefeller Hughes acquires 35% working interest in the Woodbine formation in East Texas
Rockefeller Hughes Corporation has acquired a 35% working interest in 1,150 gross acres, targeting shallow oil in the Woodbine
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Rockefeller Hughes Corporation has acquired a 35% working interest in 1,150 gross acres, targeting shallow oil in the Woodbine Sandstone formation, located in East Texas. In addition to this shallow oil play, there is a future secondary play, targeting natural gas in the Cotton Valley Limestone Pinnacle Reef formation.
These two formations will be known collectively as The Woodbine Prospect and will be operated by Rockefeller. Rockefeller has reimbursed current owner for 35% of the total, up to date expenditure on the project amounting to $684,950.
