Pegasi Energy commences drilling of Texas well
US-based oil and gas explorer and producer Pegasi Energy Resources has commenced drilling of its Morse Unit #1 well in Cass County, Texas.
The well will target oil bearing sands and limestones using horizontal drilling and dynamic fracturing techniques.
Morse Unit #1 is the first horizontal well in the drilling program of the company's Cornerstone project.
Pegasi Energy is focused on a repeatable, low geological risk, high potential project in the active East Texas oil and gas region.
The company said its strategy is focused on establishing a portfolio of drilling opportunities to exploit undeveloped reserves to grow production, as well as undertaking exploration to grow future reserves.
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