Somerset Energy is an E&P company founded in March 2021 by experienced E&P professionals and focused on low-risk appraisal and development of proven reservoirs in south Texas, outside of San Antonio.
The Company’s initial strategy is to focus on the rehabilitation of existing wellbores. This approach generally includes low per well production, but also a low cost and by extension low risk profile to the project. The two historic oil fields of focus are referred to as Somerset and Bigfoot.
The Company holds approximately 26,000 acres in the two core areas with over 1,500 historical oil wells which are the focus of an extensive chemical clean out and work over program to increase production from the current 250 bbl/d.
Somerset’s acreage also contains an emerging resource play that the Company is in the early stages of commercializing through recompletions of the existing vertical wells. Preliminary estimates indicate the potential for over 10 billion barrels of oil originally place located in Somerset’s current acreage.
Somerset has several acquisition opportunities identified which would double its acreage footprint and provide further workover, drilling and resource play expansion opportunities for future growth and development.
Send a message to Somerset Energy Partners Corp.