Northern Indiana
Michigan Basin
Formations: Trenton/Black River, Utica, Antrim
Location: Northeast Indiana -- DeKalb, Steuben and LaGrange Counties
Estimated Gross Reserves: 1,315 BCF
Total Acreage: 127,000 acres
Trenton/Black River:The Trenton & Black River formations are Mid Ordovician in age and lie in the southern flank of the Michigan Basin. This area lays north of the Old Indiana field which was one the first oil discoveries in the U.S. The trend runs Northwest/Southeast and mimics the recently successful Albion-Scipio trend in Michigan. Many geologists are in agreement that there are hundreds of millions of barrels of oil and large quantities of gas left to recover in this formation.
Utica:The Utica shale is Upper Ordovician in age and is one of the newer gas shale reservoirs currently studied across the U.S. and Canada. It is also considered the source rock for the Trenton limestone. The Utica shale is commonly 200-300 feet thick and one of the most widespread black shales in the U.S. The Utica is now becoming extremely important as a potential commercially productive shale.
Antrim Shale:The Antrim formation is an Upper Devonian black shale deposited in the vast Michigan basin which stretches from northern Michigan all the way south into the northern reaches of Indiana and Ohio. Nearly 10,000 wells in the northern Michigan Antrim formation have been producing commercial gas for 15-20 years and our acreage has exactly the same characteristics as northern Michigan. Due to heavy environmental restrictions and urban sprawl, northeastern Indiana and northwestern Ohio are the only remaining economically viable areas left to commercially produce gas in the Antrim formation. The pay zones are shallow and start only 600’ below the surface. The majority of the Antrim shale is biogenic gas. A number of companies are working towards a financially attractive way of injecting microbes into biogenic shale plays. These microbes produce methane which ultimately turns a finite resource into an infinite renewable resource. Alturas Energy owns the overwhelming majority of acreage in the northern Indiana Antrim formation. As well, Alturas Energy along with our partner DEKA have assembled copious amounts of both public and proprietary data for this area.
Southern Indiana
Basin: Illinois -- New Albany Shale
Location: Southeast Indiana -- Jackson and Washington Counties
Play type: Shallow Organic Shales
Producing zones: Clegg Creek and Camp Run
Depths: 2,400’
Estimated Reserves: 16 BCF
Total Acreage: 36,620 acres
The New Albany Shale is mainly composed of brownish-black organic rich shale 100’-400’ feet thick. The area contains abundant acreage for development and available pipelines. Many major Oil and Gas companies are in this area including DEKA, Atlas, Trendwell, Noble, Diversified Operators, CNX, El Paso, and Breitburn.
Texas - Operated
Location: Atascosa County -- near Charlotte, TX
Acerage: 800 acres
Estimated reserves: 300,000 BO
Play type: Water Flood
Production: 25-30 BOD from 5 Stripper Wells
Depths: 5,000’
Our leases in Texas have been producing commercially viable light crude oil since Texaco proved the area in the late 1940’s. These assets are now in the water flood stage and continue to provide an excellent source of cash flow.
Non-operated
We own a variety of non-operated interests. Most of these interests are in Texas. A few are in Oklahoma, and one is in Montana.
Oklahoma - North Washington Prospect
Location: McLain County, OK
Producing zones: Oil Creek, McLish, Tulip Creek, Viola, Hunton, Osborne and Hart
Depth: 10,000’ +/-
Acreage: 475 acres
Potential well spacing: 40 acres
Estimated reserves: 6MMBO and 1.8BCF gas
Oklahoma - Joiner City Prospect
Location: Carter County, OK
Basin: Merieta Basin
Formation: Woodford Shale
Acreage: 2,000 net acres
Our acreage is located in an area that has had successful proven production from many horizontal wells. We continue to acquire more leases with our partners JMA, Continental, Panhandle and DEKA and hope to begin drilling by the end of the year.
Kansas
Basin: Forest City
Location: Southern Forest City Basin -- Miami County, Kansas
Play type: Widespread coals and shales with absorbed methane
Producing zones: Stark, Huspuckney, Southmound, Lexington, Summit, Mulky, Croweburg and Tebo
Depths: 250’-1,000’
Reserves per well: 212 MMcf per 40 acre location
Total acreage: 1,450 acres
Total potential reserves for our acreage: 8 Bcf
Production: 450mcf per day
The Forest City basin is a Pennsylvanian aged coal bed methane basin. Based on a study by Mohajir Engineering Group the Forest City basin has the potential to produce over 93BCF of methane gas. In addition to the excellent reserves, the area has low-pressure gas gathering and water disposal systems. These systems are well positioned and designed for expansion.