Bayside Corp. Adds Texas Acreage

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by  Bayside Corp.
Press Release
Wednesday, April 18, 2012

Bayside Corporation announced the acquisition of an oil and gas lease covering the Moody and West wells in Duval County, Texas.

Bayside, acting through its wholly owned subsidiary, has acquired 100 percent of oil and gas leases covering 181 acres and the existing 7 wells situated on the property. The wells have previously produced oil from Jackson Series sands (Government Wells and Loma Novia zones) between depths of 2,200 and 2,400 feet. The wells were shut-in when the previous operator passed away and have been sitting dormant since. The Company plans to rework and/or re-complete each well and return them to commercial production of oil. The lease may also afford the opportunity to drill additional development wells in the future on the property.

Gordon Johnson, the CEO of Bayside Corporation, stated, “This lease is adjacent to existing oil leases owned…

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USA: Anadarko Completes Heidelberg Sidetrack Appraisal Well

Mb50's "Liquid Mud" Rant

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Anadarko Petroleum Corporation today announced the Heidelberg sidetrack appraisal well in the deepwater Gulf of Mexico successfully confirmed an extension of up to 1,500 acres.

“The Heidelberg sidetrack appraisal well was successfully drilled and defined the down-dip limits of the Heidelberg field,” said Chuck Meloy, Anadarko Sr. Vice President, Worldwide Operations. “This well extends the oil/water contact down structure by approximately 700 feet, and continues to validate the field’s estimated resource range, while providing support for the option of a stand-alone development. Anadarko and Heidelberg’s co-owners have initiated pre-FEED (front-end engineering and design) work to evaluate development solutions with the objective of advancing commercialization of this emerging mega project.”

The Heidelberg sidetrack appraisal well in Green Canyon block 903 is located approximately 1.3 miles from the Heidelberg discovery well. The well was drilled to a total depth of approximately 30,440 feet in water depths of approximately 5,260 feet.

Anadarko…

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