Fayette Field is located in Jefferson County, Mississippi, 6 miles
northwest of the town of Fayette and 21 miles northeast of the city of
Natchez. Humble Oil Company discovered the field in August of 1945. The
discovery well, the NO.1 M. R Smith, was perforated from 9730 to 9736
in the Lower Tuscaloosa Massive sand and flowed 229 SOPO of 40-degree
gravity oil with 2,000 pounds of flowing tubing pressure. The No. 1 M.
R. Smith produced a total of 630,288 80 and 2.289 BCF of methane. The
Fayette structure is a simple anticline. The Tuscaloosa productive sand
is present in all of the wells with apparent thinning on the crest of
the structure. Thirty-eight wells were drilled to develop the Lower
Tuscaloosa. Cumulative Tuscaloosa production for the field is 2,875,016
Barrels of oil and 8.9 billion cubic feet of gas. In addition, four
additional Wilcox zones were proven to be productive. The Wilcox zones
produced over 4 million barrels of oil and 20 billion cubic feet of
gas.
During the early development of the field, the Lower Tuscaloosa Massive
oil zone was generally perforated in the center or at the base of the
oil column. In many instances, the zone was never perforated in the top
of the sand. Columbia owns four drill sites in the field and will drill
new wells adjacent to old wells with unproduced oil reserves remaining.
There are multiple potential zones at shallower depths that will also
be analyzed. Estimated recoverable reserves from the Lower Tuscaloosa
Massive oil zone in these four well sites is 1.5 million barrels of
oil. Additional recoverable reserves in the field calculate to be
8,000,000 barrels of oil or more Columbia presently owns 75% working
interest in the 4 well sites and expects to retain 37.5% working
interest after bringing in drilling partners.