The domestic oil production industry is a technological hotbed with innovative methods and developments improving the safety, environmental friendliness and profitability of each new operation. One of the greatest technological developments to come out of the oil and gas industry over the past few years has been 3D seismic technology. Continue reading →

Fossil Oil Company has just posted a new video from Fossil Oil’s President, Dennis R. Kittler. Mr. Kittler is pleased to announce that Fossil is now seeking qualified JV partners for its current Fossil-Turkey Creek Multi-Oil Well JV-IV project that will commence drilling this month. This will be the fourth of five (5) exciting 3-D seismic based prospects. The first three wells have been drilled, tested and being completed as significant new oil discoveries. A few Investment Units remain at this time which are on a first come basis. These exciting Basal Oil Creek wells are located in South Central Oklahoma. This program affords a high 2014 tax write-off (70% – 80%) along with an estimated fast payout and significant return on investment (ROI).

 

Fossil Oil Company has just posted a new video from Fossil Oil’s President, Dennis R. Kittler.  Mr. Kittler is pleased to announce that Fossil is now seeking qualified JV partners for its current Fossil-Turkey Creek Multi-Oil Well JV-III project that will commence drilling the week of March 10th, 2014.  This will be the third of five (5) exciting 3-D seismic based prospects.  The first two wells have been drilled, tested and being completed as significant new oil discoveries.  A few Investment Units remain at this time which are on a first come basis. These exciting Basal Oil Creek wells are located in South Central Oklahoma.  This program affords a high 2014 tax write-off (70% – 80%) along with an estimated fast payout and significant return on investment (ROI).

A Message From The President

 

HOUSTON, Jan. 24, 2014 /PRNewswire/ — Fossil Oil Company, LLC acquired  the right to participate in any and all oil & natural gas drilling prospects generated from this brand new state-of-the-art 3D seismic data in South Central Oklahoma. 

 

The thirty-four (34) sections have never had 3D seismic shot over this extensive acreage which immediately affords Fossil Oil more than twenty-one (21) exclusive high quality Basal Oil Creek Sand drillable locations within mature trends where risk is minimal. 

 

“Potentially millions of barrels of recoverable oil and natural gas could be produced from most of this undrilled acreage within the Pauls Valley Uplift geological trend,” Fossil’s President, Dennis R. Kittler, reported.

 

Fossil Oil plans to form a series of Joint Ventures for qualified Investors to participate in drilling these multiple pay formation wells consisting of the prolific Basal Oil Creek Sand found between 7,000′ – 10,000′ below ground surface. There are also nine (9) other potentially productive groups in the Pauls Valley uplift consisting of the Arbuckle, Simpson, Viola, Sylvan Shale, Hunton, Woodford shale, the Deese, Hoxbar and Pontotoc Groups. Within those productive groups, independent geological consultants have confirmed the presence of significant subsurface oil and gas trapping structures. Utilizing today’s advanced drilling technology; the drill bit can be directed to encounter these traps at the highest and most productive position to maximize hydrocarbon production.

 

Currently, Fossil Oil is completing two oil wells drilled in December and has two rigs drilling new Basal Oil Creek Sand wells currently. 

 

CLICK HERE FOR TO RECEIVE MORE INFORMATION ON FOSSIL’S CURRENT JOINT VENTURE OPPORTUNITY.

 

Fossil's Financial Admin.  Acima Rames

Fossil’s Financial Admin.
Acima Rames

Houston, TX, 12/10/2013 … Houston’s premier oil drilling and gas exploration company, Fossil Oil Company, LLC, is proud to welcome Ms. Acima Rames as its new Financial Administrator.

 

Ms. Rames brings 13 years of seasoned bookkeeping and accounting experience, including her background as a QuickBook Specialist and Trainer, to her new position with one of the Houston area’s most dynamic oil and gas drilling and exploration firms.  Ms. Rames’ high energy, intelligence and quick grasp of the fundamental strengths and special character of the industries with which she has served, ideally suit her to her new role as Financial Administrator for a company with Fossil Oil’s unique and proactive culture and multi-faceted operations. Continue reading →

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Video Resources

 

Sandstone Formations: Anatomy Of The Vertical And Horizontal Drilling & Fracking ProcessSandstone Formations: Anatomy Of The Vertical And Horizontal Drilling & Fracking Process

 

Seismic SurveyingSeismic Surveying

 

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Geology 101 - Multi-Pay SandstoneGeology 101 - Multi-Pay Sandstone

 

Multi-Stage Vertical DrillingMulti-Stage Vertical Drilling

 

Anatomy of a Drilling OperationAnatomy of a Drilling Operation