Black Warrior BasinConsidered a mature basin with proven oil and gas reserves, the Black Warrior Basin of Alabama and Mississippi has produced over 10.6 million barrels of oil and 1.15 trillion cubic feet of gas. As early as 1951, the blow-out discovery of the Union Producing Company #1 Sanders in Monroe County, Mississippi sparked the onset of exploration of the Black Warrior Basin. Sandstone reservoirs of the Mississippian and Pennsylvanian-aged strata remain to be the primary oil and gas exploration targets. Below surface depths to these reservoirs range from as shallow as 2,100 feet to 5,000+ feet offering low cost conventional drilling and completion costs in relation to proven oil and gas OIP/GIP reserve estimates. Typical oil production reserves estimates range from 40,000 barrels to 90,000+ barrels and gas estimates range from 600 MCF to 2MMCF+, primary recoverable.
The Black Warrior Basin’s oil and gas production continues to mature and languish from the flurry of exploration activity in the 1980’s providing considerable opportunity now for further exploration and application of new technology. Marshal Petroleum intends to landbank strategic leaseholds in areas of proven reserves for further development.