- Producing
- Oil focused with natural gas as a secondary target
- Target formations (Pennsylvanian Age)
- Multi well, multi year drilling program with each well targeting between 20,000 and 45,000 barrels of recoverable oil
- Entire Development area supported by 82 sq miles of 3-D seismic imaging
- Located in Jones County, Texas
- 2-13-2012 Press Release
Victory Energy’s working interest in the Jones County oil and gas trend is part of a large multi-well, multi-year drilling program with C.O. Energy.
Supported by 82-square miles (52,480 acres) of 3D seismic imaging, the oil-focused Jones County prospect in north central Texas is targeting 20,000–45,000 barrels of recoverable oil per well with natural gas as a secondary target.
The first well drilled on this property produced over 2,000 BO before water encroachment caused the well to decline.
The operator plans to drill one to tow welsl per quarter as part of a multi-year drilling program.
Victory Energy maintains a thirty (30) day first right of refusal to participate in each development well.
The company, through its partnership with Aurora Energy Partners, holds a 5 percent working interest and a 3.75 percent net revenue interest.
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