Petrified Forest Prospect
3 new wells to be drilled in the Petrified Forest State Park to establish production in the Coconino Sandstone, Shinarump Conglomerate, and the Supai Conglomerate.
The Holbrook Basin is the only area in the world drilled exclusively for helium. Wells located in these fields average 8.5% helium giving them the highest helium concentration per well in the U.S.
The primary objective in the Castle Prospect located in Clay County TX is the Gunsite Limestone. It is found in separate sand lenses within the Gunsite Limestone at depths of 800’ and 1,000’.
The Squaw Mountain Prospect is an oil prospect situated on a 54 acre lease in northern Jack County, TX. The project consists of the drilling and completion of 8 new wells to test and produce oil from the shallow Gunsite Sand.
PHASE I lease acquisition fur the Woodruff Prospect consists of 3,200 acres and up to 20 new well sites. The first well to be drilled is currently being permitted and scheduled to spud in December 2018.
More Prospects Coming Soon
Rare Earth Exploration has a broad range of oil, gas and helium investment opportunities in Arizona and Texas. We are consistently researching new projects to offer our partners the most cost effective and lucrative opportunities available.