Tennessee Classifieds

GasBuddy News Article

votes

Cheyenne Resources Negotiating to Secure Large Oil Property

CNN Money.com -- BAKERSFIELD, Calif., Nov. 6, 2009 (GLOBE NEWSWIRE) -- Cheyenne Resources Corp. (OTCBB:CYRS), an emerging company focusing on major exploration and production reclamation projects in the oil and gas sector, today reported that it currently is in negotiations to secure 1,000 acres of property in Abilene, Texas.

The site has reported reserves of 15.7 million barrels of oil at depths of less than 1,000 feet. There are 11 additional zones on the property with recoverable crude at depths of 500 to 4,500 feet.

"Upon successful completion of negotiations," states Cheyenne Resources President Thomas J. Cunningham, "re-work will commence immediately. Within six months, we expect production of 150 barrels of oil per day.

Read the Full Article

Submitted Nov 07, 2009 By: liltruckman

Back To News

Category: Daily News Article Discussions > Topics	Add to favorite topics

Author	Topic: Cheyenne Resources Negotiating to Secure Large Oil Property	Topic is locked Back to Topics

REPLIES (newest first)

First

Next Last

samIam09 Rookie Author Louisville Posts:1 Points:245 Joined:Nov 2009	Message Posted: Nov 9, 2009 11:47:58 AM Ignore samIam09 Report Abuse This company is gonna go up. Theyre making the right moves while momentum for oil independance is strong. With that much oil less than 1500ft. I wonder just how much more will "turn up" as they begin extraction ;)
RobRD Champion Author Alberta Posts:3,828 Points:896,020 Joined:Jul 2007	Message Posted: Nov 7, 2009 10:26:30 PM Ignore RobRD Report Abuse It must be an oil field that they are using newer techniques to get out the remaining oil. At 150 barrels a day, it is not a very productive field.
BEngr Champion Author Illinois Posts:4,288 Points:1,120,105 Joined:May 2008	Message Posted: Nov 7, 2009 2:20:32 PM Ignore BEngr Report Abuse Cheyenne Resources Corp. seems to know what they are doing and will make a good profit.
Mr.Dirt Champion Author Albany Posts:6,777 Points:2,168,560 Joined:Mar 2004	Message Posted: Nov 7, 2009 2:07:45 PM Ignore Mr.Dirt Report Abuse any oil find sounds good to me
DFleming All-Star Author Alberta Posts:500 Points:105,445 Joined:May 2008	Message Posted: Nov 7, 2009 1:59:17 PM Ignore DFleming Report Abuse It always amazes me how they find new oil fields after a crisis
craveninnj Sophomore Author New Jersey Posts:110 Points:22,700 Joined:Oct 2009	Message Posted: Nov 7, 2009 1:57:30 PM Ignore craveninnj Report Abuse sounds good to me
janctx Champion Author Lubbock Posts:2,715 Points:882,880 Joined:Nov 2007	Message Posted: Nov 7, 2009 1:54:23 PM Ignore janctx Report Abuse Sounds good for somebody
jwduke1 Champion Author Iowa Posts:13,870 Points:2,726,690 Joined:Apr 2004	Message Posted: Nov 7, 2009 1:53:11 PM Ignore jwduke1 Report Abuse Sounds good from what little I can read.......
gasforus Champion Author Michigan Posts:6,794 Points:1,730,540 Joined:Dec 2005	Message Posted: Nov 7, 2009 1:50:38 PM Ignore gasforus Report Abuse Go green, boys!!!!
Wolfwings Champion Author Delaware Posts:6,423 Points:1,317,090 Joined:May 2004	Message Posted: Nov 7, 2009 1:49:06 PM Ignore Wolfwings Report Abuse If I can't read the article because of ads, I can't make a worthwhile comment.
garman87 Champion Author Austin Posts:2,363 Points:1,945,895 Joined:Aug 2005	Message Posted: Nov 7, 2009 1:48:46 PM Ignore garman87 Report Abuse Good news for America.
threewheeler Champion Author Seattle Posts:2,377 Points:318,330 Joined:Jun 2008	Message Posted: Nov 7, 2009 1:46:25 PM Ignore threewheeler Report Abuse drill now
Tatalah Champion Author Riverside Posts:8,819 Points:2,007,980 Joined:May 2003	Message Posted: Nov 7, 2009 1:46:19 PM Ignore Tatalah Report Abuse Drill for more oil dependance.
Wolfwings Champion Author Delaware Posts:6,423 Points:1,317,090 Joined:May 2004	Message Posted: Nov 7, 2009 1:44:23 PM Ignore Wolfwings Report Abuse If I can't read the article because of ads, I can't make a worthwhile comment.
Zeke33 Champion Author New Hampshire Posts:3,885 Points:1,282,070 Joined:Sep 2005	Message Posted: Nov 7, 2009 1:36:23 PM Ignore Zeke33 Report Abuse The drilling moratorium has to be lifted first.
CISA Champion Author Orange County Posts:4,461 Points:1,104,425 Joined:Dec 2006	Message Posted: Nov 7, 2009 1:36:00 PM Ignore CISA Report Abuse "Drill, baby, drill" Larry Kudlow
rjoeh Champion Author Michigan Posts:5,760 Points:2,061,615 Joined:Jun 2004	Message Posted: Nov 7, 2009 1:35:39 PM Ignore rjoeh Report Abuse This only proves America has the resources... but most have been too lazy to go after getting them.
PaylessKY Champion Author Kentucky Posts:6,130 Points:1,127,150 Joined:Oct 2008	Message Posted: Nov 7, 2009 1:23:57 PM Ignore PaylessKY Report Abuse I hope it works and they get the oil.
DellDude2 Champion Author Nashville Posts:6,799 Points:1,659,010 Joined:Aug 2005	Message Posted: Nov 7, 2009 1:19:32 PM Ignore DellDude2 Report Abuse Drill, baby drill.
waynemustang Champion Author Indiana Posts:4,686 Points:1,241,180 Joined:Nov 2006	Message Posted: Nov 7, 2009 1:19:18 PM Ignore waynemustang Report Abuse This is very good.
pulpwood Champion Author Mississippi Posts:5,631 Points:1,498,750 Joined:Sep 2006	Message Posted: Nov 7, 2009 1:18:51 PM Ignore pulpwood Report Abuse Why has nobody drilled it yet?
jwalkerh Champion Author Louisiana Posts:4,334 Points:1,013,905 Joined:Oct 2008	Message Posted: Nov 7, 2009 1:14:17 PM Ignore jwalkerh Report Abuse Anything viable to wean our dependence on foreign oil!
LanguageMan1 Champion Author Tampa Posts:9,160 Points:1,201,160 Joined:Apr 2008	Message Posted: Nov 7, 2009 1:11:34 PM Ignore LanguageMan1 Report Abuse 15.7 million barrels of oil is nothing, but every little bit helps when it's here at home. Drill more, produce more and refine more here at home! Move forward, NOW, with tidal, wind, nuclear, hydrogen, natural gas, solar, geo-thermal, non-food source based bio-fuels, etc. Get off of OPEC!
lpj Champion Author Macon Posts:8,583 Points:1,700,640 Joined:Apr 2006	Message Posted: Nov 7, 2009 1:05:33 PM Ignore lpj Report Abuse bring it on , more oil , drill baby !!
lindact Champion Author New Haven Posts:6,493 Points:1,271,555 Joined:May 2008	Message Posted: Nov 7, 2009 1:05:13 PM Ignore lindact Report Abuse Let's hope they proceed responsibly.
nimpy Champion Author Indianapolis Posts:6,323 Points:1,336,760 Joined:Oct 2007	Message Posted: Nov 7, 2009 12:56:27 PM Ignore nimpy Report Abuse Well OK but it isn't going to have any real effect yet
NavyStore Champion Author Seattle Posts:3,769 Points:1,663,185 Joined:Aug 2005	Message Posted: Nov 7, 2009 12:53:23 PM Ignore NavyStore Report Abuse Press releases aren't really news.
dhnbBUG Champion Author Pennsylvania Posts:2,625 Points:1,098,610 Joined:Apr 2008	Message Posted: Nov 7, 2009 12:50:29 PM Ignore dhnbBUG Report Abuse More domestic produced oil is better for the US economy.
dopster Champion Author Toledo Posts:4,804 Points:1,829,550 Joined:Aug 2004	Message Posted: Nov 7, 2009 12:47:55 PM Ignore dopster Report Abuse Good news for a change? Domestic oil?
PDQBlues Champion Author San Diego Posts:4,726 Points:984,350 Joined:Jan 2009	Message Posted: Nov 7, 2009 12:42:55 PM Ignore PDQBlues Report Abuse Good for Cheyenne Resources Corp..
repeater1 Champion Author Topeka Posts:6,063 Points:1,918,445 Joined:Oct 2005	Message Posted: Nov 7, 2009 12:42:50 PM Ignore repeater1 Report Abuse Sounds like a P.R. release. I'll believe it when they actually get something useful out of the ground.
ByGuy Champion Author Dallas Posts:5,674 Points:1,273,305 Joined:Nov 2005	Message Posted: Nov 7, 2009 12:39:48 PM Ignore ByGuy Report Abuse It's a start at 150 b/day.
arnerator Champion Author Seattle Posts:5,841 Points:1,158,860 Joined:Sep 2008	Message Posted: Nov 7, 2009 12:37:29 PM Ignore arnerator Report Abuse 150 barrels/day ?? Doesn't sound like much.
mazda03 Sophomore Author Quebec City Posts:182 Points:1,007,200 Joined:Nov 2006	Message Posted: Nov 7, 2009 12:35:58 PM Ignore mazda03 Report Abuse go go go
Cuzilla Champion Author Indianapolis Posts:10,658 Points:1,972,360 Joined:Sep 2005	Message Posted: Nov 7, 2009 12:32:07 PM Ignore Cuzilla Report Abuse At those depths, you could almost take it out with a straw!
SUPERQUACK Champion Author Sacramento Posts:4,000 Points:1,489,665 Joined:Jun 2007	Message Posted: Nov 7, 2009 12:30:00 PM Ignore SUPERQUACK Report Abuse we need a LOT MORE of this
CLM06 Champion Author Tampa Posts:6,841 Points:1,496,065 Joined:Sep 2006	Message Posted: Nov 7, 2009 12:25:46 PM Ignore CLM06 Report Abuse LET'S GET IT out of the ground
balljars Champion Author Michigan Posts:6,155 Points:1,221,150 Joined:Aug 2008	Message Posted: Nov 7, 2009 12:23:38 PM Ignore balljars Report Abuse 1000 acres is a good size chunk of land.
DWME Champion Author Indiana Posts:1,223 Points:250,000 Joined:Aug 2009	Message Posted: Nov 7, 2009 12:21:53 PM Ignore DWME Report Abuse Lots of successful prospecting going on with little affect on oil prices.
Asbury09 Champion Author Iowa Posts:4,988 Points:1,074,405 Joined:Jan 2009	Message Posted: Nov 7, 2009 12:20:40 PM Ignore Asbury09 Report Abuse some cities drill deeper than this for good water
OHMS Champion Author Orange County Posts:10,815 Points:1,253,445 Joined:May 2005	Message Posted: Nov 7, 2009 12:20:07 PM Ignore OHMS Report Abuse then they won't be able to get processing facilities built onsite, nor build pipelines across sensitive areas with pupfish, desert tortoises and LA environmentalists vegan farms
Tonester1 Champion Author New Jersey Posts:10,390 Points:1,863,735 Joined:Oct 2006	Message Posted: Nov 7, 2009 12:17:38 PM Ignore Tonester1 Report Abuse Drill, Baby.
civicdutie Champion Author Rochester Posts:3,010 Points:611,275 Joined:Nov 2008	Message Posted: Nov 7, 2009 12:14:51 PM Ignore civicdutie Report Abuse I wish I owned that property.
milespergallon Champion Author Illinois Posts:7,513 Points:1,483,290 Joined:Feb 2007	Message Posted: Nov 7, 2009 12:14:42 PM Ignore milespergallon Report Abuse At least it is in the USA
Paw5X Champion Author Gary Posts:7,769 Points:1,882,295 Joined:May 2005	Message Posted: Nov 7, 2009 12:14:14 PM Ignore Paw5X Report Abuse Does that mean the price of gas will come down? Most likely not!
pgerassi Champion Author Milwaukee Posts:8,536 Points:1,669,900 Joined:Apr 2007	Message Posted: Nov 7, 2009 12:09:06 PM Ignore pgerassi Report Abuse A billion dollar property.
TECH500 Champion Author Alberta Posts:3,141 Points:654,655 Joined:Apr 2008	Message Posted: Nov 7, 2009 12:07:42 PM Ignore TECH500 Report Abuse Interesting read.
DirtDauber Champion Author San Antonio Posts:4,435 Points:1,166,250 Joined:Nov 2005	Message Posted: Nov 7, 2009 12:06:20 PM Ignore DirtDauber Report Abuse 15 million barrels at less than 1,000 feet. Sounds like a winner.
Sam195 Champion Author San Bernardino Posts:5,775 Points:1,118,900 Joined:Oct 2008	Message Posted: Nov 7, 2009 12:03:41 PM Ignore Sam195 Report Abuse How did this micro-deal make it on to CNNMoney?
mobil2009 Champion Author Chicago Posts:1,467 Points:407,140 Joined:Jun 2009	Message Posted: Nov 7, 2009 12:01:07 PM Ignore mobil2009 Report Abuse 150 barrel thats nothing