The raford Texas Project is managed by American Energy Production's subsidiary Bend Arch Petroleum. The project consisted of several leases comprising 1,400 acres to the ease of the Town of Graford in Palo Pinto County, Texas. The leases have existing producing wells that were drilled in the 1970's and 1980's. The formations existing on the leases are the Strawn Sands, Atoka Sands, Bend Conglomerates, Marble Falls, Barnett Shale and the Ellenberger. All of these formations except the Barnett Shale have produced oil and gas on the lease and many of the wells are still producing.
Today the focus of the project is the Barnett Shale formation that has recently been determined to be the source rock for all of the formations that exist above and immediately below it. The Barnett Shale is a blanket formation that covers the entire 1,400 acre lease and until now has never been produced.
American Energy Production through its subsidiary Bend Arch Petroleum plans to drill several new wells on the leases. The exciting aspect of drilling on these leases is not only the prospect of completing a Barnett Shale well but the fact that it is a real possibility that you will drill through one of the many sand and conglomerate formations that may have never been produced. Some wells on the leases have produced as much as 600,000,000 cubic feet of gas plus oil from one of these formations.