Companies Drilling in the Chainman Shale
- Chainman Shale Stocks
Cabot Oil & Gas Corp COG - Cabot Oil & Gas has 72,000 net acres in the Chainman Shale - Nevada - Cabot
recently drilled a rank wildcat in Nevada for the Chainman Shale. The Chainman was encountered shallower in the section than
anticipated, and the well will be abandoned. "Our play in Nevada is made up of three distinct areas," stated Dinges.
"We will take what we learned and shoot some additional seismic before we attempt the next well as there is no imminent
U.S. Oil and Gas PLC - Results, including new reflective seismic data, show prospective reserves could exceed 25 million barrels in USOIL's Eblana
Phase 1 Section 2 North, 5% of the lease area
* Results, including
new reflective seismic data, show prospective reserves could exceed 25
barrels in USOIL's Eblana Phase 1 Section 2 North, 5% of the lease area
* Analysis of
the Reflective Seismic for Eblana Phase 1 Section 2 North indicates that the depth
ranges for the target zones are 4000-5000 feet for shallower targets and 5000-7,700 feet for the
* The target depth ranges identified by the Reflective Seismic results are
consistent with the depth range of several of the oil producing
areas in adjacent Railroad Valley,
including Trap Springs and Grant Canyon
CEO Brian McDonnell says, "We are highly encouraged to see Reflective Seismic results
confirm our three drilling targets and allow us to estimate potential reserves. These results
are especially exciting as we have surveyed only 5% of our acreage in detail.
As the reservoirs could be continuously replenished by hydrocarbons sourced from the downdip Chainman
shale, as is the case for some producers in Railroad Valley, we could be looking at large reserves."
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