Explortex Energy, Inc. (Pink Sheets:EXPX) filed an 8K disclosing and completing the farm in, known as the Bryson Project, to an 80% working interest in a 75% Net Revenue lease over 300 acres in Jack County, TX, from Borderline Operating Corp. A total of five wells will be drilled on the acreage.
The Bryson Project is located immediately north of Bryson, Texas and is ideally situated in the Fort Worth Basin. The northwest portion of Jack County, Texas is an area well known for multi-pay potential and multiple opportunities will be encountered on the Bryson Project. In addition to the Barnett Shale resource play, additional potential exists in the Marble Falls Limestone that lies directly above the Barnett Shale.
Technological advancements similar to the dynamics of the Barnett Shale play now make the Marble Falls Limestone a prolific target in the project area. Serendipitously, the project may also encounter oil and gas in the Atokan Conglomerates, the Caddo Limestone, the Strawn Sands and the Cisco Sands.