AZURE HOLDING GROUP and VISION Oil And Gas Preliminary Geological and Engineering Estimates of Potentially $2.0 Billion in Oil Reserves in the Company's Devonian Deep Rights
Azure Holding Group (OTCID:AZRH) has announced preliminary geological and engineering evaluations of its Cochran County Assets, revealing an estimated $2.0 billion in recoverable oil reserves in the Devonian (Woodford Shale). The company plans to drill at least 200 of its 373 existing well bores, across 500 total well locations.
The drilling program is expected to cost between $500,000 to $1.2 million per well. Azure plans to commence its first Devonian oil well in Q2 2026, alongside its current secondary and tertiary enhanced oil recovery efforts in the San Andreas formation. The company's strategy leverages its strategic position, with 8 offsetting wells within 2,000 to 8,000 feet of their current acreage.
Azure Holding Group (OTCID:AZRH) ha annunciato valutazioni geologiche e ingegneristiche preliminari delle sue attività in Cochran County, rivelando una stima di circa 2,0 miliardi di dollari in riserve petrolifere recuperabili nella serie Devoniano (Woodford Shale). L’azienda prevede di trivellare almeno 200 dei suoi 373 pozzi esistenti, su un totale di 500 siti di perforazione. Il programma di trivellazione dovrebbe costare tra 500.000 e 1,2 milioni di dollari per pozzo. Azure intende avviare il suo primo pozzo di petrolio Devoniano nel secondo trimestre del 2026, insieme ai suoi attuali sforzi di recupero avanzato secondario e terziario nella formazione di San Andreas. La strategia dell’azienda sfrutta la sua posizione strategica, con 8 pozzi di offset entro una distanza di 2.000–8.000 piedi dal loro appezzamento attuale.
Azure Holding Group (OTCID:AZRH) ha anunciado evaluaciones geológicas e ingenieriles preliminares de sus activos en Cochran County, revelando una estimación de aproximadamente 2.0 mil millones de dólares en reservas de petróleo recuperables en el periodo Devónico (Woodford Shale). La empresa planea perforar al menos 200 de sus 373 perforaciones existentes, en un total de 500 ubicaciones de pozos. El programa de perforación se espera que cueste entre 500,000 y 1,2 millones de dólares por pozo. Azure tiene previsto iniciar su primer pozo de petróleo devoniano en el segundo trimestre de 2026, junto con sus actuales esfuerzos de recuperación avanzada secundaria y terciaria en la formación de San Andreas. La estrategia de la compañía aprovecha su posición estratégica, con 8 pozos adyacentes a una distancia de 2,000 a 8,000 pies de sus terrenos actuales.
Azure Holding Group (OTCID:AZRH)가 Cochran County 자산에 대한 예비 지질 및 엔지니어링 평가를 발표했으며, Devonian(Woodford Shale)에서 회수 가능 석유 매장량 약 20억 달러를 추정했습니다. 회사는 500개의 총 유정 위치 중 기존 373개 유정 중 최소 200개를 시추할 계획입니다. 시추 프로그램의 비용은 유정당 50만 달러에서 120만 달러로 예상됩니다. Azure는 2026년 2분기에 Devonian 오일 웰의 첫 시추를 시작하고, San Andreas 형성의 현재 2차 및 3차 향상 석유 회수 작업과 함께 진행할 예정입니다. 회사의 전략은 현재 토지에서 2,000피트에서 8,000피트 이내에 위치한 8개의 인접 유정을 포함하는 전략적 위치를 활용합니다.
Azure Holding Group (OTCID:AZRH) a annoncé des évaluations géologiques et d’ingénierie préliminaires de ses actifs de Cochran County, révélant une estimation de 2,0 milliards de dollars de réserves pétrolières récupérables dans le Devonien (Woodford Shale). L’entreprise prévoit de forer au moins 200 de ses 373 puits existants, sur un total de 500 emplacements de puits. Le programme de forage devrait coûter entre 500 000 et 1,2 million de dollars par puits. Azure prévoit d’ouvrir son premier puits pétrolier Devonien au deuxième trimestre 2026, parallèlement à ses actuelles efforts de récupération améliorée secondaire et tertiaire dans la formation de San Andreas. La stratégie de la société s’appuie sur une position stratégique, avec 8 puits offset situés entre 2 000 et 8 000 pieds de ses parcelles actuelles.
Azure Holding Group (OTCID:AZRH) hat vorläufige geologische und ingenieurtechnische Bewertungen seiner Cochran County Assets bekannt gegeben, die schätzen, dass rund 2,0 Milliarden US-Dollar an wiedergewinnbaren Ölvorkommen im Devonian (Woodford Shale) vorhanden sind. Das Unternehmen plant, mindestens 200 von 373 bestehenden Bohrlöchern auf zusammen 500 Bohrstandorten zu bohren. Das Bohrprogramm wird voraussichtlich zwischen 500.000 und 1,2 Millionen US-Dollar pro Bohrloch kosten. Azure plant, sein erstes Devonian-Ölbohrloch im 2. Quartal 2026 zu beginnen, neben seinen aktuellen sekundären und tertiären Enhanced Oil Recovery-Bemühungen in der San Andreas Formation. Die Strategie des Unternehmens nutzt seine strategische Position, mit 8 offset-Bohrlöchern im Bereich von 2.000 bis 8.000 Fuß von seinem aktuellen Areal.
Azure Holding Group (OTCID:AZRH) أعلنت عن تقييمات جيولوجية وهندسية أولية لإصولها في Cochran County، كاشفة عن تقدير حوالي 2.0 مليار دولار من احتياطيات النفط القابلة لإعادة الاستخراج في Devonian (Woodford Shale). تخطط الشركة لثقب ما لا يقل عن 200 من آبارها البالغ عددها 373 بئراً القائمة، عبر 500 موقع آبار إجمالاً. من المتوقع أن يكلف برنامج الحفر من 500,000 إلى 1.2 مليون دولار لكل بئر. تخطط Azure لبدء أول بئر نفط Devonian في الربع الثاني من 2026، إلى جانب جهودها الحالية لاستعادة النفط بالطرق الثانوي والتيرثي في تكوين سان أندرياس. تستفيد استراتيجية الشركة من موقعها الاستراتيجي، مع 8 آبار متجاورة ضمن مسافة من 2,000 إلى 8,000 قدم من الأراضي الحالية لها.
Azure Holding Group (OTCID:AZRH) 已宣布对其 Cochran County 资产的初步地质与工程评估，估计在 Devonian 阶段（Woodford Shale）可回收油储量约为 20亿美元。公司计划在现有 373 口井中至少钻探 200 口井，总共涉及 500 个井位。钻探计划的成本预计为每口井 50 万至 120 万美元。Azure 计划在 2026 年第二季度开启第一口 Devonian 石油井，并在 San Andreas 组中继续进行其当前的二次及三级提升油气回收工作。公司的策略利用其战略地位，在当前土地周围 2,000 至 8,000 英尺范围内有 8 口对井。
- Estimated $2.0 billion in recoverable oil reserves identified
- Large-scale drilling potential with 373 existing well bores and 500 total well locations
- Strategic location with 8 offsetting wells nearby, validating potential
- Relatively modest per-well costs ($500,000 to $1.2 million) compared to potential returns
- Significant capital expenditure required for drilling program
- Project execution not starting until Q2 2026
- Estimates are preliminary and subject to revision
- Success dependent on consistent oil prices and drilling results
AZURE HOLDING GROUP and Vision Oil And Gas has conducted extensive preliminary geological and engineering to evaluate the potential in the company's deep mineral rights associated with their Cochran County Assets, with estimates yielding potentially
LUBBOCK, TEXAS / ACCESS Newswire / September 15, 2025 / Azure Holding Group and Vision Oil And Gas (OTCID:$AZRH) announced this morning that it has conducted extensive preliminary geological and engineering to evaluate the potential in the company's deep mineral rights associated with their Cochran County Assets, with estimates yielding potentially
The Group anticipates that the average AFE on a per well basis will range between
"When we initially purchased the Cochran County assets, we had a VISION. That VISION was backed by 30 years of experience as a Geologist in Texas, and I am very excited about the road we have ahead of us," said Azure Holding Group and Vision Oil And Gas Chairman, Rodolfo Tijerina.
"West Texas has the best Rock in America. As a Nation, we have barely scratched the surface. We are in the preliminary stages now of designing what we believe will be the most prolific Oil Exploration Effort in Cochran County history. Studying the Wildcatters within the county over the course of time led us to these conclusions, and fortunately for us, we can point to 8 offsetting wells that are within a 2,000 to 8,000 Feet of our current acreage position. As we embark on developing these fields to their maximum production potential, we wouldn't be able to do this without local legends and service providers like Cody Jackson, Brendan Jackson, Sam Spruiell, Chris Dawson, Will Reed, and Cory Jones just to name a few," said Azure Holding Group and Vision Oil And Gas Chief Executive Officer, Josh Cohen
For further information, please visit the companies website at www.oilfieldservices.ai or reach out to Josh Cohen at (917) 584-7042 or by email at jcohen@visionoilandgas.com.
About Azure Holding Group
Azure Holding Group Corp. is an acquisition corporation focused on Oil Field Services, Oil Field Construction, and Oil & Gas Exploration & Production. The Company is currently evaluating further mergers and acquisitions, outside of it's capital program to enable organic growth.
SOURCE: Azure Holding Group Corp.
View the original press release on ACCESS Newswire
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