Mesa Energy Holdings Inc. is a junior oil and gas exploration and production company that is focusing on the Marcellus shale in the northern Appalachian Basin in western New York and also areas in Oklahoma. The company recently discussed one of its major projects in Oklahoma – the Coal Creek Project.
The Coal Creek Project is a developmental prospect targeting natural gas in the Hunton Sand, the Brent Sand, and a shallow Atoka gas reservoir present in the Arkoma Basin. All of these natural gas deposits are located in eastern Oklahoma and western Arkansas.
The company has a 78 percent net interest in eight oil and gas leases covering approximately 700 acres located in Sequoyah County, Oklahoma – the Coal Creek Project. The Coal Creek Project is operated by a third party with whom the company has maintained a long-term relationship. Mesa Energy is very pleased with the current arrangement.
The project includes two recently drilled wells, the Cook #1 and Gipson #1. Both wells have been successfully completed, tested and connected to an Arkansas Oklahoma Gas Company sales line. Initial production and sales has begun from these two wells. Mesa Energy believes there are multiple offset drilling locations and expects those locations to be drilled beginning in 2010 as part of the overall development plan for the Coal Creek Project.