TGS and Fairfield Geotechnologies have agreed on March 9 to acquire a new multiclient survey within the area of mutual interest (AMI) established between the two companies in June 2018.
The companies have commenced operations on The Channel 3D survey in Lea County, New Mexico. Permitting is underway for an initial outline of 440 sq km (169 sq miles) with acquisition set to begin in second-quarter 2020.
The San Simon Channel, separating the Central Basin Platform from the Northwestern Shelf, is an area with new resource potential in the Permian Basin. The Channel 3D survey is designed to image deeper targets in the Strawn and Atoka algal mounds as well as the Bone Spring Sands and Wolfcamp intervals. Other productive zones with remaining potential include Devonian, Abo, and Paddock horizons. Operators will have access to comprehensive data coverage from which to enhance their exploration efforts.
This high-resolution 3D survey extends TGS and Fairfield Geotechnologies’ footprint in a key area of the Permian Basin. This project is supported by industry funding.
Salt Fork Petroleum retained Oil & Gas Asset Clearinghouse LLC for the sale of working interest in 18 wells in the Permian Basin in Winkler County, Texas.
Catena Resources retained Oil & Gas Asset Clearinghouse for the sale of an operated package of Permian Basin assets in New Mexico's Lea County.
Grizzly Energy retained EnergyNet for the sale of Oklahoma and Texas properties through multiple auctions ending April 22.