Arcland's commitment is focused on the energy industry. Our efforts are concentrated on achieving new growth and development by promoting business opportunities that contributes to the world energy needs
Arcland plans to continue focusing on acquisitions in the West Texas area, an emphasis that will contribute to the near-term goal to achieve higher production levels and more proven reserves. The focus of Arcland's present activities is the successful development of its Texas assets and also plans to investigate other upstream oil and gas opportunities that fit the Company's investment criteria emphasizing enhancement of asset portfolio and shareholder value by originating, developing and managing balanced, low risk and highly focused developmental drilling projects in areas with low drilling costs and high success rates.
Arcland plans to continue focusing on acquisitions in the West Texas area, an emphasis that will contribute to the near-term goal to achieve higher production levels and more proven reserves. The focus of Arcland's present activities is the successful development of its Texas assets and also plans to investigate other upstream oil and gas opportunities that fit the Company's investment criteria emphasizing enhancement of asset portfolio and shareholder value by originating, developing and managing balanced, low risk and highly focused developmental drilling projects in areas with low drilling costs and high success rates.
Arcland Energy Corporation owns 100% working interest (WI) on leases covering approximately 11,700 gross acres in Archer and Wichita counties, Texas. The acreage is scattered, with approximately 9300 acres, or 80% of the total lease position, associated with two comparatively large blocks in Archer County.
Arcland Energy's acreage located in the Bend Arch-Fort Worth Basin Province and Palo Pinto Basin, Texas.
We own 100% working interest (WI) on leases covering approximately 11,700 gross acres. We currently hold: Morgan Lease, Morgan 2 Lease, Douglas Mineral Trust Lease, Lily Hooks Lease, National City Bank Lease, Meldon White Lease, Lockride Lease Cowan 2 Lease, Cowan 1 Lease, Climax Lease, Mulloy Estate, Lease Patton, Waggoner "AN", W.T. Waggoner Estate "B"
Geologic Report
