Fayette County, TX - Oil & Gas Discussion archives

Strike Energy Ltd Signs a JV agreement in Fayette County, TX. There is no detail on how much they paid, but a little on why they like it.

http://www.strikeenergy.com.au/

"The majority of the leases are located in Fayette County, Texas, which are on trend with high activity areas in Gonzales and De Witt Counties being drilled primarily by EOG and Petrohawk. Published projected recoveries in these areas range of 450,000 to 1,000,000 barrels of oil equivalent per well based on 160 acres spacing."