Stockdale Oil Field (Wilson Country)
Mayan has a 60% WI with a 45% NRI net in the 105.7 gross acre Stockdale Oil Field lease, located in Wilson County, Texas. The field lies on a trend with the Austin Chalk, which was developed during the 1990’s and has since been one of the most prolific US onshore oil and gas formations in history.
The property as acquired included the Morris #1, an Anacacho formation well. Mayan’s strategy is to target the Anacacho formation (located at a depth of approximately 3,600 feet) which was overlooked through the development of the deeper Austin Chalk.
Stockdale has been well delineated, and Mayan, with its operating partner Longview Oil & Gas, has identified other low cost opportunities to re-enter the Anacacho formation. Potential recoverable reserves are estimated to be within a range of 80,000-180,000 barrels for each successfully completed Anacacho well.