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Winchester Energy is in the business of oil and gas exploration and production in Texas, USA.
Winchester Energy was founded for the primary purposes of:
- acquiring oil and gas leases and working interests (WI) in areas situated on the Eastern Shelf of the Permian Basin in Texas, USA, a location which offers prospective Cline Shale unconventional oil opportunities at shallow depth together with attractive conventional oil targets in the Ellenburger Formation at slightly greater depth; and
- seeking to drill wells to explore for oil and gas in respect to those leases and working interests in order to ultimately achieve commercial oil and gas production.
Winchester Energy owns proprietary geological, geotechnical and geophysical intellectual property on the Cline Shale and Ellenburger Formation oil plays across Kent, Stonewall, Fisher, Nolan, Mitchell, Coke and Tom Green counties in Texas and this intellectual property should assist Winchester Energy to identify potential “sweet spots” to drill and attractive areas to seek to lease and/or acquire working interests. Winchester Energy intends to actively seek to identify, and reach agreement with, suitable farm-in joint venture participants to contribute funding (along with Winchester Energy) with respect to drilling wells on Winchester Energy’s oil and gas leases within Kent, Stonewall, Fisher, Nolan, Mitchell, Coke and Tom Green counties in Texas. Winchester Energy’s business model is highly dependent on the achievement of technical and commercial success from its exploration programs as well as being dependent on other fiscal, economic, regulatory and environmental factors.