Longfellow Exploration
Partners, Limited (LEP) is a Texas
based oil and gas exploration company
with significant development and exploration
acreage positions centered around the
giant and expanding Pinon Field (5.1
TCF EUR). These properties strategically
situated in the core of the prolific
and rapidly developing West Texas Overthrust
(WTO) Resource Play of the Val Verde/Permian/Delaware
Basin system of West Texas. LEP
has assembled a team of WTO veterans
that are adding significant value to
the play.
LEP and affiliates approximate
100,000 gross acre land and working interest
positions are concentrated under the
Longfellow and West Ranches of Southern
Pecos County, Texas. Longfellow
Ranch spans portions of the Pinon Field
and is centered in the heart of this
West Texas Overthrust (WTO) play that
has been the focal point of much of
the State’s natural gas drilling
and production activity of late. (There
are currently in excess of 30 rigs
drilling this field area with over
500 wells drilled to date (with
some 260 wells to be drilled in 2008).)
LEP team members along with partners
including SandRidge Energy, Inc. (formerly
Riata Energy, Inc.), www.sandridgeenergy.com,
have since 2003 undertaken development
of the Longfellow Ranch and the prolific
Pinon Field with cumulative gas production
to date of over 300 BCF. Other
giant fields nearby Longfellow include
Puckett, Grey Ranch, Elsinore, Thistle,
Brown-Bassett, Pakenham, and Gomez
Field. Gas is transported through
a network of area pipelines for sale
at market prices. |