DALLAS--(BUSINESS WIRE)--Crude Energy LLC, an independent exploration and production company based in Dallas, Texas, announced that it has made available the White Wolf Prospect in Sterling County, TX. The White Wolf is located in the heart of the Permian Basin about 70 miles from Midland, TX, and encompasses approximately 640 acres.
Crude Energy now is allowing accredited investors to make advanced investments for this project, which is projected to begin drilling within the next 30-60 days.
The White Wolf prospect will drill to a total depth of 9,220 feet and will primarily target the Wolfcamp Formation at 5,770 to 7,300 feet. Secondary objectives include the Ellenburger, Cisco, Canyon, Cline, Strawn, Mississippian, Fusselman, Montoya formations.
“We have great sub-surface mapping to the Wolfcamp on our acreage and all of those surrounding logs show good porosity and permeability and we are very confident we will make a good Wolfcamp well with tremendous additional behind-the-pipe assets,” said Crude Energy’s President Parker Hallam. “As with most areas in the Permian the stacked pay potential of these wells makes for a tremendous long term producing asset for us and our investing partners.”
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.