GTN Energy Partners LLC
An Independent Oil Company

GTN News and Updates

October 2016

Monday, October 10, 2016

Recently, GTN was able to establish that our Permian Bone Springs shale below the sand deposits has a 1,600 feet thick pay zone of oil and distillates - rich possible reserves. The top of the shale pay zone is 800 feet below the surface, which is very shallow. Possible internally estimated reserves based on geology, logs and drilling rock samples are at least in the hundreds of million of barrels. Initial development is entirely focused on the sand pay zones and hydraulic fracturing of the shallow shale will be undertaken in an ulterior developmental phase.   Read More . . .

September 2016

Tuesday, September 20, 2016

The Texas Railroad Commission has approved an affiliate of GTN to become the Operator of the Massie West lease. The name of the affiliate is MWWD Operator, LLC. The previous Operator, JG Stone Oil Company, remains as a consultant to GTN. JG Stone has decades of expertise operating oil and gas leases in Texas. Their primary responsibilities are to handle financial reporting and regulatory compliance.   Read More . . .

August 2016

Tuesday, August 23, 2016

Massie West Lease - GTN will be developing up to 20 acres in the proven reserves area of 275 acres. The plat for the 20 acre spot is on inverted 5 well spacing, with 1 producing well surrounded by 4 water injection wells. An outlying existing producing well is also likely to benefit from the water pressure applied by the 4 injection wells. Spudding is expected in September 2016 and Initial Production in early October 2016. Proven reserves in the 20 acre spot are 425,000 barrels of oil.   Read More . . .

June 2016

Tuesday, June 28, 2016

Massie West Lease - GTN is resuming production from 9 wells that were yielding 50 BOPD when production was temporarily interrupted in the transition period between the lease's prior owner, GT Ventures and GTN. The wells will be operational by September, 2016.   Read More . . .

April 2016

Saturday, April 30, 2016

Massie West Lease - Recently compiled production data, cores, logs and swab tests have established the presence of 5.7 million barrels of proven reserves of oil over 275 acres of the lease. Around the proven area, 3,500 acres have probable reserves of 74 million barrels of oil. Five additional cores, logs and swab tests are necessary to prove the reserves. The remainder of the 16,900 acre lease has possible reserves of 120 million barrels, as internally estimated by GTN's geologist. Extensive reservoir studies have to be performed in order to prove these reserves.   Read More . . .

January 2016

Saturday, January 30, 2016
Mortimer Production Company of San Antonio, TX., the Schenkel Lease Operator has selected quotes for horizontally drilling the Schenkel Lease. In this selection process of horizontal drilling services, they were assisted by Bruington Engineering, a professional petroleum consulting firm and developed AFE's utilizing two horizontal drilling firms, Geoguidance Drilling Services and USR Drilling Services .   Read More . . .

December 2015

Thursday, December 31, 2015
Mr. Alan Laird and Mr. Dennis Beliveau have completed their consulting assignment as of December 31, 2015 as planned and further cooperation will be explored with them when GTN develops the Massie West Ranch.   Read More . . .

December 2015

Tuesday, December 22, 2015
Mr. Allan Laird, an independent Reservoir Engineer in partnership within Banbury House with Dennis Beliveau, one of the world's experts in water flooding viscous oil, has completed his report on the Schenkel reservoir, concluding and confirming after a pressure fall-off pressure test, reservoir characteristics conductive to oil production. According to the report, the sands contain a medium gravity oil of about 18 degrees API with an estimated in-situ oil viscosity of about 150 cp. The Paluxy sands have a high porosity of about 35% and a review of the available core and log data indicate the formation permeability is in the range of 1-2 Darcies. The high mobility ratio is conductive to water flooding and most of the anticipated oil recovery will come at relatively high water cuts (>90%).   Read More . . .

November 2015

Wednesday, November 11, 2015
Mr. Allan Laird, an independent Reservoir Engineer in partnership within Banbury House with Mr. Dennis Beliveau, one of the world's experts in water flooding viscous oil, have recommended vertical and horizontal development patterns for the Schenkel Lease. GTN is partial to horizontal drilling, since it is a game changer and the most economical method of recovering viscous oil.   Read More . . .

September 2015

Saturday, September 19, 2015
Aggie Tech Oil Ltd, a large independent oil company specializing in shallow drilling and water flooding, and Sabanero Energy Corp, a company that focuses on very shallow drilling and water flooding, have secured leases in the Turney Ranch that is offset to the Schenkel lease.  They are currently drilling their first 10 wells on a 5 acre spot for test purposes before expanding to 20 acre spots.   Read More . . .