Cortez Resources, LLC is focused on pursuing oil and gas unconventional resource plays across the United States… Select areas of operations are discussed in further detail on the following pages.
The Eagle Ford Shale
Cortez was an early entrant in the Eagle Ford Shale Play, starting in 2009. The Company focused its evaluation and leasing efforts in the “volatile oil” window of the play, assembling its core positions in two of the most productive areas of the Eagle Ford trend. Since then, Cortez has partnered with several of the leading independent oil and gas companies in the country to develop its acreage. In the coming years, Cortez will participate in the drilling of hundreds of wells in order to efficiently develop our Lessors’ lands. The production from this play will add significantly to our domestic reserves.
Cortez and its management have been involved in the oil and gas community of Midland, Texas for many years. We currently have a position in Crockett County with exposure to the Wolfcamp horizontal play. We are also actively evaluating and leasing various plays across the Permian Basin of West Texas.
Cortez has been involved in leasing and producing in Kansas since 2008. What started as a focus on operating in conventional oil and gas plays has grown to include new unconventional possibilities in the state. Cortez is an active participant in the Mississippian Horizontal play made famous by super-independents Sandridge Energy and Chesapeake Energy.
Tuscaloosa Marine Shale
Cortez has built a significant land position in the emerging Tuscaloosa Marine Shale play. The play is similar in age and geology to the Eagle Ford Shale, and the may be the next big oil field in the US. Several large independent oil and gas companies have also amassed large positions and are drilling the early evaluation wells. Competition for leases is heavy, and, should these early wells prove productive, active could increase significantly. Watch for more on this play in the coming months.
Cortez is currently pursuing several other unconventional plays prospective for oil and gas production. Please check for updates on our efforts in these stealth plays in the near future.