RE: Tiger2 Jul 2025 23:40
Delta - we need clarification but looks that Ppp worked with and have partnerships with Millennium......
Millennium PetroCapital is a San Antonio-based oil and gas development company that has been involved in projects in Gonzales County, Texas. Specifically, they have worked on developing the Austin Chalk oil field, including the Chalk Talk wells and the Whistling Straits 5H well. Pennpetro Energy, through its subsidiary Nobel Petroleum USA Inc., acquired a 100% working interest in several of these wells from Millennium PetroCapital, including Chalk Talk 1, Chalk Talk 3, Chalk Talk 4, and the Whistling Straits 5H well.
Here's a more detailed breakdown:
Millennium PetroCapital's Role:
Millennium PetroCapital is a developer of oil and gas properties, particularly in the Texas Gulf Coast Basin. They have a track record of over 60 projects across 28 Texas counties.
Gonzales County Projects:
Millennium PetroCapital has been active in Gonzales County, Texas, focusing on the Austin Chalk formation.
Specific Wells:
They have worked on the Whistling Straits 5H well, the Chalk Talk 1, 3, and 4 wells, and the City of Gonzales #1 well.
Pennpetro's Involvement:
Pennpetro Energy, through its subsidiary Nobel Petroleum USA Inc., acquired a 100% working interest in several of Millennium's Gonzales County wells, including Chalk Talk 1, 3, and 4, and the Whistling Straits 5H well.
Acquisition Details:
Pennpetro's acquisition of the Whistling Straits 5H well included a 100% working interest with a 75% net revenue interest and operatorship. They also acquired over 2,036 acres of oil leases.
Post-Acquisition Activities:
Pennpetro has been working to bring the acquired wells back into production, including well workovers and flow testing.
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