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Carlisle-1 Well Acquisition and Fouke Water Flood Project

Sector: Water Supply and Storage • Location: Texas, USA

Source: Proactive Investors

Project
Planned

Buccaneer Energy acquired the Carlisle-1 well, increasing production to around 155 barrels of oil per day and boosting revenue. The well has low operating costs and is expected to generate about $50,000 per month in net free cash. The company also proposed the Fouke water flood project to unlock further reserves and extend the field's life by 10 to 15 years. Planned activities include organic oil

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Project Information

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The project “Carlisle-1 Well Acquisition and Fouke Water Flood Project” is an infrastructure initiative in the Water Supply and Storage sector, located in Texas, USA. Taiyo aggregates data on it from Proactive Investors.

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Participants

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planned

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Description

Description

Buccaneer Energy acquired the Carlisle-1 well, increasing production to around 155 barrels of oil per day and boosting revenue. The well has low operating costs and is expected to generate about $50,000 per month in net free cash. The company also proposed the Fouke water flood project to unlock further reserves and extend the field's life by 10 to 15 years. Planned activities include organic oil recovery treatments in April and potential start of the water flood mid-year to drive production and revenue growth.

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Source

Source reliability

High

Data quality score

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Source

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URL

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