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- one of the most prolific US onshore oil and gas formations in history.
The property was acquired in August 2017 and includes one producing well from the Anacacho formation. Mayan’s strategy is to target the shallower Anacacho formation which was overlooked through the development of the Austin Chalk in 1990’s.
Stockdale has been well delineated and Mayan has identified ten 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.