Pegasi Commences East Texas Drilling Program | Russell T. Rudy Energy LLC
“Rigzone” reports that Pegasi Energy Resources Corp. is drilling the first of ten wells targeting the Travis Peak and Cotton Valley formations in Marion County, Texas. The Tyler based company anticipates drilling as deep as 9,200 feet to exploit gas, condensate and oil reserves. Both vertical and horizontal wells are planned on Pegasi’s acreage.
Pacific World Energy will pay all drilling and completion costs to earn a working interest in each well.
To read the article in its entirety, please go to www.rigzone.com/news/oil_gas/a/135330/Pegasi .
October 13, 2014 | Oil and Gas, oil and gas royalties
