Blue Ridge

Blue Ridge – Fort Bend County, Texas

Highlights & Summary
  • In-field development & exploratory drilling potential
  • Extending developmental drilling fairway
  • Lease holdings situated between two proven producing leases
  • 1,500 to 6,000 feet targets
  • Extensive familiarity with the field
  • 40 developmental drilling locations already identified
  • Major drilling program expected to commence Q4 2016

25% W.I | 361 Acres

TTE acquired 361 net acres on the Blue Ridge salt dome after a successful negotiation with OXY USA, Inc. The Company’s acreage, known as the Occidental Fee lease, represents a significant portion of the south-western corner of the Blue Ridge field in Fort Bend County, Texas, approximately 20 miles south of Houston. In October, 2016, as part of a continuing alliance, Viceroy Petroleum will assume operatorship and acquire a 75% Working Interest (WI) in the Occidental Fee Lease. TTE will retain a 25% Working Interest as well as an Overriding Royalty Interest.

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