Glacier is currently focused on the continued development of the JW McFarlane Lease in Callahan County, TX. adenRyen, Ltd. Co. is the Operator. Operating activities in this area focus on shallow drilling for crude Oil primarily from the prolific Tannehill Sands. This Lease has recovered more than 560,000 Barrels of Oil since its first discovery in the 1950's and through further Geologic evaluation we have identified numerous potential drilling locations.
Glacier entered the Woodbine Trend through a partnership with PetroMax Operating Co. (PMO) in May 2009. Operating activities in this area focus on horizontal drilling for crude oil from the Woodbine Trend. Glacier and its partners participated in 8 wells, all of which were completed as commercial producers.
As of April 2012 these wells have cumulatively recovered over 1.4 MM Barrels of Oil and more than 800 MM Cubic Feet of Gas: generating Millions of dollars in revenues. Multiple wells paid investors back in 12 months or less (cash on cash) and continue to generate monthly revenues to date!