The Sawyer Group, LLC has identified an acquisition in northern California, consisting of 7 active producing gas wells and 1 shut-in (idle) gas well on a 1,000-acre lease. Several gas prospects were discovered on the lease in 2003 via a 3-D seismic investigation, and 5 wells were drilled over an 18-month period.
The site has the potential to increase revenue through a recompletion, a new flowline, and the purchase of a compressor, as well as re-drilling a plugged well. The Sawyer Group LLC will manage the project.
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