Winchester Energy Limited is an established US oil and gas explorer and producer with approximately 17,266 net acres in the highly productive Eastern Shelf of the Permian Basin in Texas. The acreage offers a host of targets ('stacked pay') with prospective Cline and Barnett Shale unconventional oil opportunities at shallow depth together with appreciable conventional oil and gas production from the Ellenburger Formation and Strawn Formation (Fry Member) at slightly greater depths.
Founded in 2014, Winchester Energy (ASX: WEL) has a proven track record in realizing value from unconventional and conventional oil and gas developments. The company controls a large acreage position with low holding costs and flexible drilling commitments, and has a strong production profile in the prolific Permian Basin.
For investors looking at the oil and gas industry, Winchester Energy Limited presents an opportunity to be part of an established player with significant potential for growth and value realization. As an ASX-listed company, it offers a unique investment avenue in the flourishing US energy market.
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