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||Carr Resources, Inc. (Carr) of Tyler, Texas recently closed an agreement with PetroEdge Resources III LLC on approximately 18,000 acres of Woodbine (Maness) Shale acreage. Carr retained a 25% working interest in the leases. Petro Edge will become the operator of the property and drill its first horizontal Woodbine (Maness) Shale well in the fourth quarter of 2013. The play was developed by Carr’s geologist Rich Adams based in part on earlier 2007 drilling by Carr with Winn Exploration Co., Inc. Based on the experience and regional mapping of Carr and Adams in the region, Adams identified the core of the play and leasing began in late 2009. |
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