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Teal Energy USA

                         FIVE PROSPECTS ARE CURRENTLY AVAILABLE 
    PLEASE SCROLL TO PROSPECT SITE UPDATE TO BEGIN VIEWING  

Pandura Rig Picture
KM sales site

LLANOS LEASE GAS SALES SITE

KM COMPRESSOR SITE

   LLANOS LEASE COMPRESSOR SITE

Barfield 2  Duvall Co. Tx,  1 - 2018

   Barfield #2 Duval Co. Texas   

About Us & Subscribe

                   About us: Teal Energy is an operating company exploring in South Texas
                   in the Frio, Jackson, Yequa, Queen City, and Cretaceous since 1998.
                  Teal has a large 2-D and 3-D data base and inventory of prospects in Duval
                  Jim Hogg, and Starr Counties. Full presentations are available at the Teal office
                  In Houston.
Power point summaries are available upon request. 
 
                                      Our prospect generation is supported by:
                                      *John Glenn, Geologist/President. 
                                      *Anthony E. Krancer, Exploration Mgr.
                                       Operations supported by:
                                      *Mike Gilstrap, Advisor of Operations, Minority stock holder.
                                       Office supported by:
                                     *Debra Shanks, Office Mgr./Accountant. 
 
            Office Location: 800 Bering, Suite 300 Houston, Texas 77057. (New after May 1, 2021)
            Office Phone: 713-781-4350. Fax: 713-781-0271            
            CONTACTS:
                           johnglenn@tealenergy.com          ---         mngilstrap@outlook.com
                              Mobile 281-639-9393                    ---            Mobile 281-381-4481
         
                      

    

                                               * PROSPECT SITE UPDATED 1/21/23 *  
                                                                FIVE PROSPECTS ARE CURRENTLY AVAILABLE.  
                     
                                            * BARFIELD AND COMANCHE PROSPECTS HAVE BEEN SOLD*     
                

                   *THE WEBB CO. LOBO STEPOUT PROSPECT IS WITHIN
THE MARIA H. llANOS  FIELD 
                                           LOCATED ON THE LOCATION MAP AS KATHLEEN MARIE #2*

                           ALL PROSPECTS HAVE GEOLOGICAL AND SEISMIC INTERPRETATIONS AVAILABLE

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  * ARGONAUT PROSPECT *
              -LOW RISK-

ARGONAUT TEMS SUMMARY FEB 16 2018
ARGONAUT WEB SECTION MARCH 4 20 COMPRES

Heading 2

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 *BIGFOOT EXPLORATION PROSPECT*

AE-10 ANNOTATED BEST
Bigfoot structue map
Bigfoot FLYER JAN 2018

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                *COMANCHE - NEW DRILL*
UPDATE 1-21-23: THIS PROSPECT HAS BEEN SOLD

COMANCHE PROSPECT STRUCTURE
COMANCHE PROSPECT WILCOX SUMMARY MAP

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*LONESTAR NEW DRILL: PROSPECT SHEET BEING REVISED*

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    PROSPECT: Steamboat:Jim Hogg County No pipe Queen City 4 MMBO 50 BCF

 

     PROPOSED TOTAL DEPTH: 8200 feet Queen City or 12,900 feet Wilcox Hinnant

     PRIMARY OBJECTIVE: Queen City Sands, “no pipe”, and Wilcox Hinnant  

     POTENTIAL RESERVES: 4 MMBO + 50 BCF QUEEN CITY

     (192,000 BO/well for Queen City-2,000 acres);

     50-10 BCF WILCOX (5-10 BCF/well-900-1200 acres)

     EXPECTED INITIAL FLOW RATE: Queen City 100-200 BOPD & 2-3 MMCFD  and

     Wilcox 10 MMCFD with frac.

     DHC ESTIMATED: $ 741,000 QC (no pipe) and $4,000,000 Wilcox

     COMPLETION: $660,000 QC and 1 MM Wilcox.

     ACRES UNDER CLOSURE:  Approximately 2,000+ acres Queen City;

     900-1200 acres Wilcox.

     AVERAGE NET REVENUE INTEREST and BURDENS (8/8): NRI shall be 100% of

     leased interest less the Mineral Owners’ royalty and the Teal Group’s 3%. Most likely 72%

     (if mineral owners royalty is 75%).

     TERMS: Pay lease, legal and brokerage costs; pay a prospect fee of $50,000 to Teal Energy; 

     and pay about $100,000 with field tapes for 73 for miles of seismic (license goes to Operator).

     Carry Teal 5% to the tanks on the first well, and Teal has a 5% BIAPO on the second well.

     Teal has a well by well option to join for a 5% ground floor working interest.

     WORKING INTEREST AVAILABLE:  50-100%.

 

 

GEOLOGY AND GEOPHYSICS:

The Steamboat prospect is a seismically defined crest ally faulted rollover structure lying east of the main Wilcox flexure.  It is comprised a Queen City and a Wilcox Hinnant and Cook Mountain objectives which should be tested with separate wells. An antithetic fault forms a trap for a Wilcox gas accumulation discovered and tested in the mid-1980’s. This well tested 3.5 MMCFD without fracture stimulation from a Wilcox Hinnant sand below 12,000 feet. Seismic interpretation indicates the trapping fault for the Wilcox gas accumulation migrates east of the  Wilcox location and should form a similar antithetic trap in a section of well-developed Queen City and Cook Mountain sands.  There is greater than 60 feet of  sand with  >15% porosity in the off-structure Sante-Fe Helen No 1 giving upside of three BCF and 100,000-300,000 BO/ crestal wells. The Wilcox Hinnant sands have a blocky log character and may be a turbidite feeder channel facies, similar the prolific Travis Ward Field sands.

Additional 2-D or a 3-D seismic survey should be acquired over an area covering approximately 20-30 square miles to adequately image the deep structure before drilling new Wilcox tests (The existing Western shoot could be extended by about 15 squares as an alternative). Two million is a good estimate for the cost of a 3-D survey.

Subject to prior sale. 


 

 

                                                       


         *STEAMBOAT PROSPECT*
         -NORMAL PRESSURE TO 8200'-

                                                                                    Website Editor: Mike Gilstrap

steamboat 1
steamboat 2
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