Field
BGTTOil stands as an independent exploration and production entity, strategically centered on the conscientious development of natural resources within the United States, with a primary focus on the dynamic landscapes of Texas.
Our approach is underscored by the application of diverse technical expertise across multiple disciplines, specifically tailored to the responsible development of unconventional oil and gas resources. This deliberate strategy is designed not only to yield positive outcomes but to do so in a manner that upholds the highest standards of responsibility.
At BGTTOil, we are unwaveringly committed and dedicated to the interests of all our stakeholders. Our pledge is to act as diligent stewards of the resources we operate, ensuring their sustainable use and environmental integrity. Simultaneously, we prioritize delivering attractive returns to our investors, establishing a harmonious balance between responsible resource development and financial prosperity.
DISTINCT GEOLOGICAL LANDSCAPES
Our primary attention is directed toward the renowned Alabama Ferry Oilfield play. As proud proprietors of the mineral rights to this expansive oilfield, boasting diverse formations and proven reserves spanning over 70 years, we currently oversee operations across 78 drilled wells within this expansive 14,000+ acre expanse in East Texas. With a steadfast commitment to growth, we actively aspire to expand our oilwell portfolio in the near future.
To enhance our operational efficiency and bolster economic returns, we consistently pursue capital efficiencies. This ongoing commitment encompasses the integration of cutting-edge technologies, the engagement of seasoned personnel, and the cultivation of stronger relationships with our oilfield supplies providers. By embracing these advancements, we aim to not only optimize our current operations but also to fortify our position for sustained success in the dynamic energy landscape.
UNIQUE GEOLOGICAL SETTING OF CORE WATTENBERG FIELD
The Wattenberg Field is one of the top rate-of-return horizontal oil plays in the U.S. Onshore. We have successfully drilled the equivalent of 20-24 horizontal wells per 640-acre section, to more efficiently capture the large oil and gas resources in-place in the Niobrara and Codell formations, which contain over 300 feet of gross interval. The Core Wattenberg Field is a well-defined area north of Denver that owes its prolific productivity to its unique geologic setting. The Core overlies an area of crustal basement rock weakness, which is limited in geographic extent. This crustal weakness allowed unusually high heat flow from deeper mantle sources to “super-heat” the highly organic Niobrara source rocks, which in turn generated the significant oil and gas deposits now contained in the Niobrara and Codell formations. The crustal basement weakness extends south-westerly of Wattenberg beneath the Rocky Mountains, where the same high heat flow system has contributed to extensive mineral deposits. This southwest extension is commonly known as the Colorado Mineral Belt, because of the World Class deposits of gold, silver and molybdenum.
We continually pursue additional capital efficiencies designed to improve economic returns. These enhancements include tighter completion spacing and exclusive use of “plug-n-perf” completions and mono-bore drilling. The 2022 capital investment program is primarily focused on the Kersey and Summit areas, with some spuds and turn-in lines in our Plains area.
