Project Information
Title: Black Bear Natural Gas Development
Sector: Conventional Energy
Type of Project: The project is an oil and gas development project.
Project Location: The project area is located in San Augustine County, TX, directly east of the town of Broaddus, TX. The project area is located within the Angelina National Forest, National Forests and Grassland in Texas.
Project Coordinates:
Latitude: 31.327413
Longitude: -94.226986
Project Purpose:
The project purpose is to unleash American Energy. In this regard, Revenant Energy Operating LLC is proposing the Black Bear Natural Gas Development project in San Augustine County, Texas. The Black Bear Natural Gas Development project will unleash American energy by drilling and producing up to 32 horizontal natural gas wells.
Project Description:
The overall project includes the proposal of up to four (4) oil and gas well pads, access roads to the well pads, a main trunk pipeline for the transportation of natural gas and gathering pipelines connecting the well pads. Each well pad will have up to eight (8) proposed wells (total of 32 wells) that will be horizontally drilled into both private and BLM managed minerals with the intent of producing primarily natural gas.
Technical and Financial Ability:
Revenant Energy is an upstream oil and gas operator that was created in connection with a large-scale development partnership with Black Stone Minerals (NYSE: BSM). It is comprised of the former core executive and operational team that built Aethon Energy over the past decade and is backed by several premier institutional investors and family offices in the energy space. Revenant intends to run a multi-rig development program with an average annual capex budget in excess of $250MM over the next 5 years.
TBD
N/A
TBD
The authorizations and permits that may be required to complete the project include but are not limited to the following:
1) Application for Permit to Drill from the BLM for each proposed well penetrating a BLM lease, well pad, access road and gathering pipeline. This would be a dual permitting process whereby the FS would review all documentation related to surface activities and the BLM would review the drilling program and downhole operation of the wells. The required documentation to obtain this permit would be a biological evaluation, surface use plan of operations, drilling program, and cultural resources survey.
2) Minerals Operating Plan from the U.S. Forest Service for the well pads, access roads, gathering pipelines (for proposed wells on FS managed lands drilling into fee minerals then federal minerals). This would be in conjunction with the Application for Permit to Drill and would be a dual permitting process as stated in (1) above. The required documentation to obtain this permit would be a biological evaluation, surface use plan of operations, drilling program, and cultural resources survey.
3) SF-299 Application for Transportation, Utility Systems, Telecommunications and Facilities on Federal Lands and Property. This would be a permit for the trunk pipeline and or well pads, access roads, and gathering lines (for proposed wells on FS managed lands drilling directly into federal minerals). This would be in conjunction with the Application for Permit to Drill and would be a dual permitting process as stated in (1) above. The required documentation to obtain this permit would be a biological evaluation, surface use plan of operations, drilling program, and cultural resources survey.
4) Master Development Plan through the BLM. This would apply if the entire project were permitted as a single action. It would be a dual permitting process whereby the FS would review surface activities, and the BLM would review the drilling of the wells. The required documentation to obtain this permit would be an environmental assessment, surface use plan of operations, drilling program, and cultural resources survey.