Sun Resources, an Australian based independent, has announced the acquisition of the Delta Oil project in Texas. The 10,000 acres is prospective for the Eaglebine formation. It will be interesting to see what county this is in.
Most activity that targets the Eaglebine is in the norther portion of the play in Burleson County and Milam County. Wells targeting the Eagle Ford have been drilled as far north as Leon County, TX.
I’m sure we’ll find out when this deal closes. [Read more…]