GAMM LEASE is HUGE >> Caddo Parish area was a bon
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GAMM LEASE is HUGE >> Caddo Parish area was a bonanza in the early days of the oil business with some wells coming in at tens of thousands of barrels of oil per day. In the 1980s and early 1990s there were approximately 15,000 wells producing. Today that figure is approximately 10,000 wells that have produced over 400 million barrels of oil.
Best part here is
The property is accessible by paved and dirt roads from Oil City LA and has electric power and some existing equipment on site. Liberty is in the process of restoring the existing wells to production and installing wellhead production equipment.
Liberty plans to test the next formation at approx. 2500 feet with additional wells in early 2014.
There are additional shallow oil production opportunities in the immediate area that Liberty is considering for participated