Houston Farm Project
History
The Houston Farms #1 well was drilled by Midwest Oil Company US Petroleum Holdings in 1960 to a total depth of 16,085 ft. The Lower Frio, the main objective at 16,000 ft. was wet and non-productive, so the well was considered a dry hole. While drilling the well, core sample of various Upper Frio sands between 10,000 – 12,000 ft. were taken and indicated condensate (gas) pay. Prior to plugging and abandonment, several of these Upper Frio sands were tested and they showed to be productive. The well was never completed, most likely due to nominal gas prices and/or the lack of a gas market. With Natural Gas prices at the time only a few pennies per MCF of gas, it was not economical to set several miles of pipeline to transport for just one well. Consequently, the well was plugged and abandoned. US Petroleum Holdings
The Frio Deep-Seated Salt Dome Fields lie south and southeast of Houston in Brazoria, Ford Bend, Harris, Galveston and Chambers counties along the Texas coast, US Petroleum Holdings.
Collectively, the Frio Deep-seated Salt Dome Fields are significant because their cumulative yields exceed those of any other producing formation in Southeast Texas. From the early 1930’s through 1982, the fields reported a combined cumulative production in excess of 2.3 billion barrels of oil, and at the end of 1993, the figure surpassed 2.4 billion barrels.
Although the most prolific fields were found in the 1930’s (15 major discoveries), development of the play continued into the 1940’s and 1950’s, and centered in Chambers and Brazoria counties, US Petroleum Holdings, because of the proximity to the Danbury Dome, Hoskins Mound and the apparent deeper seated salt diaper over the Chocolate Bayou field.
By 1982, engineers set recoverable reserves for Frio reservoirs of the deep-domes play at nearly 4 billion barrels of oil. By the end of 1993 the fields had yielded more than 2.4 billion barrels.
In the 1950’s three new areas became productive and were called Chocolate Bayou Upper Frio (Brazoria County, 1950), Trinity Bay Frio 12 (Chambers County, 1951), and Chocolate Bayou Alibel (Brazoria County, 1952).
During the last half of the 20th century, the Chocolate Bayou Field has increased in aerial extent and multiple sand packages stacked all the way down to the 15,000 ft. Lower Frio Marker. Several major oil companies and numerous independent exploration companies have discovered over 55 different horizons (pay zones) within the Chocolate Bayou Field. The cumulative production of both gas and oil within this field is ENORMOUS!
Multiple Oligocene Frio Gas Sands have been identified in the well by log and core analysis. Sands are located within the existing casing between 10,000 and 12,200 ft. The primary objective is to complete the 12,000 ft. series of sands. A future plugback would complete the 10,000 ft. series of sands.
A second well on the property will be drilled to the Miocene Gas Sands between 5,100 and 7,000 ft. These sands show as productive as in the Houston Farms #1 well. The well will “twin” the Houston Farms #1 location for the shallower objectives.
Geological estimation of total reserves: 350,000 barrels of oil and 15 Billion cubic feet of Natural Gas.
Estimated Payout: somewhere between 100 – 120 barrels of crude oil per day.
US Petroleum holdings a Recent Outlook
Official Energy Statistics from the U.S. GovernmentTrends in energy supply and demand are affected by many factors that are difficult to predict, such as energy prices, U.S. economic growth, advances in technologies, changes in weather patterns, and future public policy decisions. It is clear, however, that energy markets are changing gradually in response to such readily observable factors as the higher energy prices that have been experienced since 2000, the greater influence of developing countries on worldwide energy requirements, recently enacted legislation and regulations in the United States, and changing public perceptions of issues related to the use of alternative fuels, emissions of air pollutants and greenhouse gases, and the acceptability of various energy technologies, among others The Energy Information Administration projects increased consumption of biofuels (both ethanol and biodiesel), growth in coal-to-liquids (CTL) capacity and production, growing demand for unconventional transportation technologies (such as flex-fuel, hybrid, and diesel vehicles), growth in nuclear power capacity and generation, and accelerated improvements in energy efficiency throughout the economy.
Despite the rapid growth projected for biofuels and other nonhydroelectric renewable energy sources and the expectation that orders will be placed for new nuclear power plants for the first time in more than 25 years, oil, coal, and natural gas still are projected to provide roughly the same 86-percent share of the total U.S. primary energy supply in 2030 that they did in 2005 (assuming no changes in existing laws and regulations). The expected rapid growth in the use of biofuels and other nonhydropower renewable energy sources begins from a very low current share oftotal energy use; hydroelectric power production, which accounts for the bulk of current renewable electricity supply, is nearly stagnant; and the share of total electricity supplied from nuclear power falls despite the projected new plant builds, which more than offset retirements, because the overall market for electricity continues to expand rapidly in the projection.
Houston Farm Project
History
The Houston Farms #1 well was drilled by Midwest Oil Company in 1960 to a total depth of 16,085 ft. The Lower Frio, the main objective at 16,000 ft. was wet and non-productive, so the well was considered a dry hole. While drilling the well, core sample of various Upper Frio sands between 10,000 – 12,000 ft. were taken and indicated condensate (gas) pay. Prior to plugging and abandonment, several of these Upper Frio sands were tested and they showed to be productive. The well was never completed, most likely due to nominal gas prices and/or the lack of a gas market. With Natural Gas prices at the time only a few pennies per MCF of gas, it was not economical to set several miles of pipeline to transport for just one well. Consequently, the well was plugged and abandoned.
The Frio Deep-Seated Salt Dome Fields lie south and southeast of Houston in Brazoria, Ford Bend, Harris, Galveston and Chambers counties along the Texas coast.
Collectively, the Frio Deep-seated Salt Dome Fields are significant because their cumulative yields exceed those of any other producing formation in Southeast Texas. From the early 1930’s through 1982, the fields reported a combined cumulative production in excess of 2.3 billion barrels of oil, and at the end of 1993, the figure surpassed 2.4 billion barrels.
Although the most prolific fields were found in the 1930’s (15 major discoveries), development of the play continued into the 1940’s and 1950’s, and centered in Chambers and Brazoria counties because of the proximity to the Danbury Dome, Hoskins Mound and the apparent deeper seated salt diaper over the Chocolate Bayou field.
By 1982, engineers set recoverable reserves for Frio reservoirs of the deep-domes play at nearly 4 billion barrels of oil. By the end of 1993 the fields had yielded more than 2.4 billion barrels.
In the 1950’s three new areas became productive and were called Chocolate Bayou Upper Frio (Brazoria County, 1950), Trinity Bay Frio 12 (Chambers County, 1951), and Chocolate Bayou Alibel (Brazoria County, 1952).
During the last half of the 20th century, the Chocolate Bayou Field has increased in aerial extent and multiple sand packages stacked all the way down to the 15,000 ft. Lower Frio Marker. Several major oil companies and numerous independent exploration companies have discovered over 55 different horizons (pay zones) within the Chocolate Bayou Field. The cumulative production of both gas and oil within this field is ENORMOUS!
Multiple Oligocene Frio Gas Sands have been identified in the well by log and core analysis. Sands are located within the existing casing between 10,000 and 12,200 ft. The primary objective is to complete the 12,000 ft. series of sands. A future plugback would complete the 10,000 ft. series of sands.
A second well on the property will be drilled to the Miocene Gas Sands between 5,100 and 7,000 ft. These sands show as productive as in the Houston Farms #1 well. The well will “twin” the Houston Farms #1 location for the shallower objectives.
Geological estimation of total reserves: 350,000 barrels of oil and 15 Billion cubic feet of Natural Gas.
Estimated Payout: somewhere between 100 – 120 barrels of crude oil per day.
US Petroleum Holdings: who we are
US Petroleum Holdings, Corp. is an independent energy company engaged in the procurement, exploitation, development, acquisition and operation of oil and natural gas properties with a geological focus in the United States. The company has implemented a business strategy that emphasizes development opportunities where the company has acquired several properties within a general area with proven reserves.
The recent up trend in the oil and natural gas market has resulted in sector investments becoming extremely beneficial. Consequently, the company has sought to procure working interests in properties that are either currently producing or will produce crude oil and natural gas within the next quarter.
Our projects implement and utilize the most innovative, state-of-the-art and cost-effective technologies that can profitably recover oil and natural gas as well as extend the productive life of US domestic reserves, reducing the reliance on energy imports.
