DALLAS--(BUSINESS WIRE)--Crude Energy LLC, an independent exploration and production company based in Dallas, Texas, announced that it has made available the Cottonwood #1H in Hardeman County, TX. Crude Energy plans to use newly reprocessed 3d seismic data to locate oil-bearing fracture systems found near structures or faults and drill toward them in search of multiple fracture swarms in the Mississippian Chappel section.
Crude Energy now is allowing the public to make advanced investments for this project, which is projected to begin drilling in June, with an estimated completion coming in July.
The Cottonwood #1H has a total vertical depth of 8,000 ft, total lateral length of 2,600 ft, and a total measured depth of 10,600 +/- ft. The project will primarily target the Mississippian Lime formation. Secondary objectives include the Atoka, Granite, and Wash formations.
Crude Energy President Parker Hallam stated, "At the end of the day we take an opportunistic approach to finding value and focus solely on where we see the best risk reward.” Hallam added, “Through the years, one of the identifying factors of our success has been the willingness to pull the trigger.”
Crude Energy has current oil and gas exploration projects all over the United States. For more information on this and other activities of the company, visit the Crude Energy website at http://www.crude.com.
About Crude Energy, LLC
Crude Energy was founded in 2008 to apply state-of-the-art petroleum and natural gas exploration and extraction technology to the development of onshore oil and natural gas projects. Our focus areas include Texas, Oklahoma and North Dakota. Crude offers oil and gas investment opportunities through direct participation programs and oil and gas investment joint ventures which enable investors to participate in the potential cash flow and unique tax benefits associated with oil and gas investments. Especially important in a downturned economy, oil and gas investments allow savvy investors to diversify and reinforce their investment portfolios with a stable commodity that is in steady demand.