Texas firm accelerates 2004 drilling programLarge inventory, good prospects cause The Exploration Co. to expand program by 50%; using proceeds from $16M private placement Ray Tyson Petroleum News Houston Correspondent
The Exploration Co., a small but growing San Antonio, Texas-based independent with a strong acreage position in the prolific Maverick Basin of southwest Texas, is planning a hefty 50 percent plus increase in capital spending this year in order to accelerate development drilling on its 492,000-acre M....
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Company’s reserves could double
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