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Red Arrow and its affiliates currently have ongoing development projects and investments including:
- 140,000 acres in the Williston Basin of North Dakota in which we are actively developing Bakken Shale reserves,
- 120,000 acres in the Maverick Basin of south Texas in which we are targeting Glen Rose and other potential zones,
- 35,000 acres of leasehold and seismic in Alabama which is prospective for sweet Smackover oil production, and
- A development program on 6,300 acres in Frio County, Texas, principally targeting un-drained Austin Chalk reserves.
Red Arrow prefers to operate its projects, but is willing to take a non-operator role with trusted industry partners and operators with local expertise. Under its Greenfield mandate, Red Arrow rarely takes less than 50% of a project and prefers to see no more than $10MM (net) tied up in land and G&G prior to the first well being drilled. Red Arrow is actively seeking new investment opportunities which match its investment criteria and skill sets.
Texas (Dimmit, Zavala, Maverick, and Frio Counties)
North Dakota (Dunn and Stark Counties)
Alabama (Conecuh, Escambia, and Covington Counties)
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