6700 Acres Granite Wash Wheeler County

+ 15,000. additional acres possibly available.

Contact us today info@westoverenergy.com

WEST HAWKEYE PROSPECT – WHEELER COUNTY, TEXAS

GRANITE WASH – MISENER – HUNTON

TEXAS PANHANDLE 6,700+ Acres

Introduction

The West Hawkeye prospect consists of approximately 6,700 contiguous acres in the west central area of

Wheeler County, Texas. Based on a review of 3-D seismic, as well as available well data, Texas Coastal Oil

and Gas, LLC (Texas Coastal) has identified multiple targets in the Granite Wash, Misener and Hunton

formations within the prospect area. Total depth for a well to test all formations is approximately 12,600 feet.

Geology

The prospect lies in a graben directly north of the main mountain front fault of the Texas Panhandle. The

fault has 3,500 feet of displacement in the prospect area. Movement along this large wrench fault caused the

formation of several trap types. Texas Coastal has identified potential traps in: 1) the Granite Wash and

Hunton formations against the fault, 2) the Hunton formation in pop-up blocks, 3) the Granite Wash

formation in anticlines, and 4) Granite Wash formation stratigraphic pinchouts near the fault.

Additionally 3-D seismic data show a Misener incised valley trending through the prospect area. Two wells

located within this channel appear to have Misener by-passed pay. The Mo-Tex field, two miles north,

produces from the Misener which has four wells that have produced over 3 BCF and one well over 5 BCF.

The prospect area lies in the midst of several huge fields. To the south is the giant Panhandle field, which

produced 150 million barrels of oil from the Granite Wash formation. To the east is the Pan Wheeler field,

which produced over 250 BCF from the Hunton Formation. Mobeetie Field, a Granite Wash field that has

produced over 5 MMBO, lies just a few miles to the north along with Mo-Tex field that has produced

approximately 30 BCF from the Misener formation.

Several wells in or near the prospect area had strong oil and gas shows. A well near the north edge of the

area flowed 5.4 MMCFD and 398 BOPD from the Hunton formation. Another well, also near the northern

edge, had an initial flow rate of 4.5 MMCFD from the Granite Wash formation. Other wells in or near the

prospect area also had strong Granite Wash shows and the formation appears to be present over the entire

prospect area but seems to have been overlooked in prior drilling efforts. Considering current economic

conditions and new completion technology, there is a high probability that the Granite Wash formation can

be made commercially productive from a depth of approximately 4,500’ to 11,700’.

Economics

Based on analogous production from nearby fields, it appears that wells drilled to the Granite Wash in the

prospect area could easily produce an average of 1.5 BCF. Hunton formation production in the prospect area

could average 5 BCF or more per well. Two wells in the nearby Pan Wheeler field produced 44 BCF from

the Hunton formation. Within the prospect area there is potential for 11 to 20 Hunton wells, 6 to 8 Misener

and 48 to 84 Granite Wash wells. The estimated reserves are between 145 and 245 BCF.

MAYFIELD MERGE

Mayfield/Mills Ranch/ Hawkeye/Jayhawk/Trapper/Wildcat/Cornhusker

Non-Exclusive 3D Survey

Wheeler County, Texas and Roger Mills and Beckham County, Oklahoma

ACQUISITION PARAMETERS

Survey Size: 437 square miles Bin Dimensions: 110’ x 110’

Record Length: 5 seconds * Date Acquired: 1996 – 2002

Recording System: I/O System I * Energy Source: Vibroseis *

Fold Coverage: 40 @ 14,074’ (Nominal) Fold Coverage : 75 @ 20,600’ (Nominal)

35 @ 12,000’ (Mills Ranch and 55 @ 15,000’

29 @ 10,000’ Mayfield) 35 @ 10,000’

20 @ 7,500’ 11 @ 5,000’

Receiver Information Source Information

Receiver Interval: 220’ Source Interval: 220’

Receiver Line Spacing: 1320’ Source Line Spacing: 1320’

Receiver Line Orientation: N-S * Source Line Orientation: E-W *

Geophone Type: GSC 30CT, 10 Hz. * Source Type: Mertz M-18 *

Geophones per Group: 6 * Sources per Pattern: 4 units

Receiver Array: Inline over 75’ * Source Array: Inline over 108’ *

Recording Geometry: 8 x 120 channels * Sweep Information: 10-108 Hz., Linear *

Number of Live Channels: 960 * Sweep Effort: 8 sweeps

Maximum Offset recorded: 14,074’ * Sweep Length: 10 seconds

Receivers per square mile: 96 Sources per square mile: 96

* VARIATIONS TO ABOVE

JAYHAWK

Receiver Line Orientation: E-W Source Line Orientation: N-S

Geophone Type: OYO PC-801 Sweep Information: 10-105 Hz., Linear

HAWKEYE

Sweep Information: 12-96 Hz., 3 db

CORNHUSKER

Geophones per Group: 9 Source Array: Inline over 140’

Receiver Array: Inline over 80’ Sweep Information: 12-96 Hz., Linear

MILLS RANCH

Record Length: 6 seconds Source Line Orientation: NW-SE

Recording System: I/O System II, RSR Source Type: Hemi-48

Receiver Line Orientation: NE-SW Source Array: Inline over 100’

Geophone Type: Marsh OYO, 30CT Sweep Information: 8-84 Hz., Linear

Receiver Array: Inline over 70’ Hole Depth: (Dynamite Infill): 80’

Recording Geometry: 10 x 180 channels Charge Size: 5.5 pounds @ 80’

Number of Live Channels: 1800 Maximum Offset recorded: 20,600’

MAYFIELD

Recording Geometry: 10 x 180 channels Source Type: Mertz M-26

Maximum Offset recorded: 20, 6000’ Sources per Pattern: 3 Units

Source Array: Inline over 120’

Sweep Information: 6-84 Hz. Linear

Dynamite Infill: 2.5 & 8.0 pounds @ 100’

Granite Wash Overview

The Midcontinent Granite Wash is a series of tight gas plays (Lard Ranch, Buffalo Wallow, Stiles Ranch, and Colony West) that runs from the Texas Panhandle to Southwest Oklahoma. There is some oil production in the Granite Wash, mainly in Oldham and Gray counties in Texas. The sandstone reservoir is about 160 miles long and 30 miles wide. Operators are using both horizontal and vertical drilling to produce reserves from this longtime target.

Economic rates are achieved by multi-stage, slickwater fracture treatments and close attention to costs. There are over 2600 operating wells in the Granite Wash, and some of the operators include Chesapeake Energy, Newfield Exploration, Penn Virginia, Cimarex Energy, Questar, Linn Energy, Forest Oil, Apache Corp., BNK Petroleum, Devon Energy, and Cordillera Energy Partners III.

6900 Acres Wheeler County Texas

Westover Energy, LLC
1808 Harwood Court, Suite B
Hurst, Texas 76054
Phone: (817) 668-5739
Fax: (817) 704-4590

info@westoverenergy.com

WESTOVER ENERGY SERVICES AND AREAS OF EXPERTISE:

• Acquisitions & Divestitures Management an Marketing
• Project Management / Prospect Management services
• Full Phase: Prospect inception to initial sales, on site or off site, we provide services in our offices or at the client’s office.
• Due diligence for mergers/acquisitions/divestitures
• Project Management Services for Analysis and review of existing oil and gas leases, contracts,including operating agreements and farm-in/farm-out agreements
• Lease Acquisitions, negotiation, preparation and acquisition of new contracts, agreements and oil and gas leases.
• Petroleum Landman Services consisting of Contract land work for any sized or specialized project.
• Surface Damage Negotiation, preparation and finalization of settlements and and pipeline easement acquisitions and right of ways.
• Project Management of field landmen for projects.
• Legal Consulting and Managemet of Government permits.
• Management and consulting of State and federal lease sale, including representation.
• Lease records maintenance and management services
• on-site or from one of our offices.
• Current Management and employees have work experience in Texas, Pennsylvania, Utah, West Virginia, Louisiana, North Dakota, Colorado, California, Arkansas, Kansas,Ohio, Indiana, Alabama, Wyoming, Montana New Mexico, Oklahoma, Mississippi and Nebaraska