Oil, Gas and Consumable Fuels
Company Overview of BlackBrush Oil & Gas, LP
BlackBrush Oil & Gas, LP operates as an oil and gas exploration and development company. It focuses on the exploration, development, and production of upstream assets in the South Texas region; and operates oil and gas wells and a pipeline. The company was formerly known as Kerns Oil & Gas, Inc. and changed its name to BlackBrush Oil & Gas, LP in August 2004. BlackBrush Oil & Gas, LP was founded in 1985 and is headquartered in San Antonio, Texas.
18615 Tuscany Stone
San Antonio, TX 78258
Founded in 1985
Key Executives for BlackBrush Oil & Gas, LP
Co-Chief Executive Officer and Chief Operating Officer
Co-Chief Executive Officer and President
Compensation as of Fiscal Year 2013.
BlackBrush Oil & Gas, LP Key Developments
Terrace Energy Corp. and BlackBrush Oil & Gas, LP Announce Early Results from New Horizontal Well, the SP5 1-16H on STS Olmos Project in South Texas, USA
Sep 16 13
Terrace Energy Corp. announced early results from its latest horizontal well, the SP5 1-16H on its STS Olmos Project in South Texas, USA with its partner, BlackBrush Oil & Gas LP. The well was drilled to a measured depth of 13,650 feet, including a horizontal section of approximately 4,300 feet in the target interval and was successfully fracture stimulated in 13 stages. After less than 14% load recovery, the well continues to strengthen and is currently flowing at a rate of approximately 524 BOPD (barrels of oil per day) and 1.2 MMCFD (million cubic feet per day) of liquid rich gas or 728 BOEPD (barrels of oil equivalent per day). All of the wells in this project will be tied into the wet gas gathering system located on the STS Project and delivered into a high efficiency natural gas liquids extraction plant. Based on the current test rate, liquids recoverable through the extraction plant are expected to contribute an additional 220 BOEPD to this well's revenue stream. There can be no assurance that the flow rate will stabilize at current or higher levels over time. This well is the fifth successful completion in the Company's STS project and is testing at rates consistent with the three highly successful completions drilled and completed in the 2012 drilling program. All of these wells were fracture stimulated using "slick water" techniques. The first well in the 2013 drilling program, the SP5 1-2H encountered the objective pay sand as planned and consistent with all of the other wells in the project. The well was completed using an experimental "Gas Frac" technology. The fracture stimulation pumped as anticipated with similar pumping characteristics as the offset "slick water" treatments; however production results to date have been less than anticipated due to significant mechanical issues with the completion equipment. Notwithstanding these difficulties, the well has been averaging approximately 165 BOEPD for the past 90 days and is on target to be an economic success. Results from this well are under evaluation for long-term planning. In the interim, the remaining three wells drilled in the 2013 program are scheduled to be completed with the proven "slick water" technique.
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