Thursday, October 9, 2008

Tecton Energy Operating, LLC listed on Meagher Oil and Gas Properties, Inc.

Tecton Energy, LLC has listed the Santa Fe Hagaen Embayment play on Meagher Oil and Gas Properties, Inc. From the Meagher website: "Company Profile: Founded in 1985 by Matthew E. Meagher, Meagher Oil & Gas Properties, Inc. (MOGPI) is a nationally recognized acquisition and divestiture firm.

MOGPI is an industry leader in negotiated acquisition and divestiture services.

Recognizing that clients need to focus their strategy and staff on core business areas, MOGPI's complete range of divestiture services is designed to effectively and economically manage the divestiture process on behalf of our client. MOGPI is headquartered at Inverness Park in Southeast Denver with regional offices in Tulsa, Oklahoma and Houston, Texas, all of which are staffed with highly qualified and experienced energy personnel."

The listing reflects: "Concept proven with Tecton Ferrill #1 well (currently shut-in and included in package)," which is in the Galisteo Basin in Santa Fe County. For production records of this well, click here. It produced 27 barrels of oil in the last four months of 2007 before being temporiarly abandoned. Also reflected in the listing
  • "75,000 net acres – primarily fee leases
    • Leases in state and county imposed force majeure until 12/31/2008
  • Tecton has applied for 3 drilling permits after moratorium ends"

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