Bend Arch acquires 1,116 acres in Barnett Shale

Ray Tyson

American Energy Production said its subsidiary Bend Arch Petroleum has purchased 1,116 acres in the prolific Barnett Shale natural gas play in Palo Pinto, Texas.

Included in the purchase are 10 natural gas wells producing from either the Bend Conglomerate or Strawn formations, the Texas-based independent said Sept. 14, adding that the wells need to be re-worked and re-stimulated to achieve maximum productive potential.

The 1,116-acre property is about 10 miles south of Bend Arch Petroleum’s 12-well Palo Pinto project where on July 18 the company completed a Barnett Shale well that to date has produced more than 5,500 barrels of oil and 12 million cubic feet of gas.

Geological information on the area indicates a Barnett Shale structure on the newly acquired property that compares to the Barnett Shale structure on the 12-well project, American Energy said. The new property has the potential for 15-20 Barnett Shale wells and more than 20 Bend Conglomerate or Strawn formation gas wells, the company said.

Bend Arch Petroleum has accumulated more than 8,000 acres of leases that have potential Barnett Shale production, American Energy said.