Wooden Horse Projects
KUHN
Kuhn
- Located in Guadalupe County, Texas
- 4 leases totalling over 500 acres in the Kingsbury field
- Nexera has increased its ownership in the Kuhn leases from 50% to 72.23%
- Producing approximately 25 bopd from wells 3, 4 and A5 in the Austin Chalk formation
HUEBINGER
Huebinger
- Located in Guadalupe County, Texas
- 133.72 acres in the Kingsbury field
- Nexera has a 72.23% ownership in the Huebinger project
- Huebinger E1 is a joint venture with Aliiance Petroleum Interests whereby Alliance will pay 100% of the costs to drill and complete the well and Nexera will retain 25% of its interest at no cost to the Company.
- Huebinger E1 is the first well drilled at Wooden Horse using the Company’s new drilling methodology to target the productive Austin Chalk formation and not drill into the Edwards formation. The Huebinger E1 location and potential second location were chosen as they are on trend and structurally up-dip from the Company’s producing Kuhn wells.
- Preparations have begun to drill Huebinger E2 with Alliance Petroleum Interests
