The Mesa Vista Lease consists of a sweeping 57,600 acres located in Roberts County, just south of the Canadian River in Texas’ Panhandle. This land was owned by the late T. Boone Pickens, the famous Texan wildcatter, hedge fund founder, and philanthropist knows as the “oracle of oil.” Today, the lease is still operated in part by Pickens’ energy hedge fund, BP Capital, in addition to three other operators, including Polaris and CHK.
There are currently 60 producing oil wells on the lease, all targeting the Granite Wash (GW), the region’s primary oil formation. The formation stretches across Western Oklahoma and the Texas Panhandle covering an area of approximately 4,800 square miles, and has produced approximately 20.2 million bbls of oil and 2.4 billion MCF of natural gas since 1993.
Alpha Seven Energy has acquired drilling rights to the west side of the ranch, totaling 23,958 net acres of prime oil fields, and as of April 2020, we have spudded our first well, the Boone 5 #2V. So far, we have identified 42 potential wells on this staggeringly large acreage.