Proactive investors

Oil's Origin

Crude oil -- properly called petroleum -- includes natural gas, a flammable fluid usually found with oil. Petroleum is the remains of organic material that was deposited millions of years ago. One seep, in Michigan's Upper Peninsula, comes from billion-year-old rocks, although most commercial petroleum was generated from rocks that are between 65 million and 213 million years old. (Read More)

Jolly Ranch Group Projects

Nighthawk holds a 50% interest in the Jolly Ranch Group project, comprising Jolly Ranch, Middle Mist and Mustang Creek, located in Lincoln, Elbert and Washington Counties, Colorado. Running Foxes is the operator of the project and holds the remaining percentage interest. The primary target of the initial drilling programme was the regional Marmaton formation which has been present in all of the wells drilled. Secondary targets were the Atoka and Cherokee shales from which BHP, Mull and Anschutz produced oil within the Denver Basin on a commercial basis during the 1980s and 1990s prior to relinquishing the acreage due to low oil prices.

Seven new vertical wells have been drilled to date by Nighthawk and Running Foxes, each of which has encountered hydrocarbons in multiple formations. (Read More)

Buchanan Group Projects

Nighthawk holds a 50% interest in the Buchanan Group projects, located in Vernon and Bates Counties, Missouri. The operator, Running Foxes holds the remaining interest. The projects cover in excess of 40,000 acres and lie within the Cherokee Basin. To date, a total of 36 wells have been drilled and cased for production on ten acre spacing. A gas distribution line has been connected to a third party tap for the sale of gas. An extensive gathering system is planned to be constructed by Nighthawk and Running Foxes and will be designed to accommodate the wells within the Buchanan Group project areas. (Read More)

Devon Oilfield and Xenia

Nighthawk holds an 80% interest in the Devon Oilfield waterflood project, located in Bourbon County, Kansas, covering an area of 1,764 acres. Running Foxes is the operator and holds the remaining 20% of the project. The Devon Oilfield is located within the Cherokee Basin, a prolific shallow oil and gas producing area from Pennsylvanian, Mississippian, and Ordovician reservoirs from less than 4,000 feet. (Read More)

Cisco Springs

Nighthawk holds a 50% working interest in the Cisco Springs project located in Grand County, Utah, covering approximately 24,000 acres. Running Foxes, the operator holds the remaining interest. An overall drilling and development programme of over 60 wells is ongoing. To date, 32 new wells have been drilled resulting in 30 reported commercial discoveries. The wells have been evaluated for conventional gas on 40 acre spacing and oil on 10 acre spacing. The majority of the new commercial wells are gas producers, however a notable feature of this programme has been the discovery of significant oil zones. (Read More)

Centurion

Nighthawk holds a 50% interest in the Centurion project, covering approximately 13,500 acres and located in Sumner County, Kansas. Running Foxes holds 50% and is the operator of the project. The project lies within the prolific Sedgwick Basin which has produced from the Arbuckle, Simpson, Viola, Mississippian and Cherokee sandstones and carbonates at depths of less than 5,000 feet. The Devonian Chattanooga or Woodford Shale is also a primary target and has produced hydrocarbons through most of the central and eastern US since the 1920s. This shale has also been a major producer in the Anadarko, Appalachian, Williston, Michigan and Illinois Basins. The Simpson and Cherokee shales, both of which are proven hydrocarbon sources are also targets. Two exploration wells have been drilled on the project area, the Franklin 13-6 and Atoka-Nighthawk 13-11. (Read More)

Cliffs

Nighthawk holds an 80% interest in the Cliffs Shale Gas project, covering 15,591 acres and located in Clark, Cumberland, Jasper and Crawford Counties, Illinois. Running Foxes holds 20% and is operator of the project. The project is located within the Illinois Basin, which is a significant producer of hydrocarbons that has yielded in excess of four billion barrels of oil from numerous reservoirs at less than 2,900 feet. (Read More)