EAST TEXAS
Crimson has approximately 11,000 contiguous acres in East Texas near the Brazos/Robertson County line. This acreage position was originally formed for a dual-stacked, horizontal Buda-Georgetown play which averages 245 MBOE per well. The initial production rates and average reserves in the Buda-Georgetown play yield a significant return on investment. Geologically the Buda-Georgetown is composed of a fractured carbonate reservoir.
In addition to the Buda-Georgetown, the current activity in the Deep Bossier and Cotton Valley play in Robertson and Leon County, Texas is quickly developing toward Crimson’s acreage position. The initial production rates and projected reserves of the Deep Bossier and Cotton Valley wells significantly enhance the value of Crimson’s acreage position by providing another viable target. The geology in the Deep Bossier and Cotton Valley contains a shelf environment with a capping sequence of shoal water deltas and fluvial channel deposits with high constructive deltas.
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