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GasBuddy News Article

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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.


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Submitted Nov 07, 2009 By: liltruckman
Category: Daily News Article Discussions > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: Cheyenne Resources Negotiating to Secure Large Oil Property Post a Reply Back to Topics
REPLIES (newest first)
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samIam09 Car icon
Rookie Author Louisville

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Message Posted: Nov 9, 2009 11:47:58 AM

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 ;)
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Champion Author Alberta

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Message Posted: Nov 7, 2009 10:26:30 PM

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.
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Veteran Author Illinois

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Message Posted: Nov 7, 2009 2:20:32 PM

Cheyenne Resources Corp. seems to know what they are doing and will make a good profit.
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Champion Author Albany

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Message Posted: Nov 7, 2009 2:07:45 PM

any oil find sounds good to me
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Veteran Author Alberta

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Message Posted: Nov 7, 2009 1:59:17 PM

It always amazes me how they find new oil fields after a crisis
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Rookie Author New Jersey

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Message Posted: Nov 7, 2009 1:57:30 PM

sounds good to me
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Champion Author Texas

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Message Posted: Nov 7, 2009 1:54:23 PM

Sounds good for somebody
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Champion Author Iowa

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Message Posted: Nov 7, 2009 1:53:11 PM

Sounds good from what little I can read.......
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Champion Author Delaware

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Message Posted: Nov 7, 2009 1:49:06 PM

If I can't read the article because of ads, I can't make a worthwhile comment.
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Sophomore Author Austin

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Message Posted: Nov 7, 2009 1:48:46 PM

Good news for America.
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All-Star Author Seattle

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Message Posted: Nov 7, 2009 1:46:25 PM

drill now
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Champion Author Riverside

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Message Posted: Nov 7, 2009 1:46:19 PM

Drill for more oil dependance.
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Champion Author Delaware

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Message Posted: Nov 7, 2009 1:44:23 PM

If I can't read the article because of ads, I can't make a worthwhile comment.
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Champion Author New York

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Message Posted: Nov 7, 2009 1:42:04 PM

good now drill it
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Champion Author New Hampshire

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Message Posted: Nov 7, 2009 1:36:23 PM

The drilling moratorium has to be lifted first.
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All-Star Author Orange County

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Message Posted: Nov 7, 2009 1:36:00 PM

"Drill, baby, drill" Larry Kudlow
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Champion Author Michigan

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Message Posted: Nov 7, 2009 1:35:39 PM

This only proves America has the resources... but most have been too lazy to go after getting them.
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Champion Author California

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Message Posted: Nov 7, 2009 1:29:41 PM

Drill Now
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Champion Author Kentucky

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Message Posted: Nov 7, 2009 1:23:57 PM

I hope it works and they get the oil.
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Champion Author Nashville

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Message Posted: Nov 7, 2009 1:19:32 PM

Drill, baby drill.
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Champion Author Indiana

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Message Posted: Nov 7, 2009 1:19:18 PM

This is very good.
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Champion Author Mississippi

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Message Posted: Nov 7, 2009 1:18:51 PM

Why has nobody drilled it yet?
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Champion Author Louisiana

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Message Posted: Nov 7, 2009 1:14:17 PM

Anything viable to wean our dependence on foreign oil!
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Champion Author Tampa

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Message Posted: Nov 7, 2009 1:11:34 PM

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!
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Champion Author Macon

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Message Posted: Nov 7, 2009 1:05:33 PM

bring it on , more oil , drill baby !!
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Champion Author New Haven

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Message Posted: Nov 7, 2009 1:05:13 PM

Let's hope they proceed responsibly.
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Champion Author Indianapolis

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Message Posted: Nov 7, 2009 12:56:27 PM

Well OK but it isn't going to have any real effect yet
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Champion Author Seattle

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Message Posted: Nov 7, 2009 12:53:23 PM

Press releases aren't really news.
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Champion Author Pennsylvania

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Message Posted: Nov 7, 2009 12:50:29 PM

More domestic produced oil is better for the US economy.
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All-Star Author Toledo

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Message Posted: Nov 7, 2009 12:47:55 PM

Good news for a change? Domestic oil?
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Champion Author San Diego

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Message Posted: Nov 7, 2009 12:42:55 PM

Good for Cheyenne Resources Corp..
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Champion Author Kansas

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Message Posted: Nov 7, 2009 12:42:50 PM

Sounds like a P.R. release. I'll believe it when they actually get something useful out of the ground.
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Champion Author Dallas

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Message Posted: Nov 7, 2009 12:39:48 PM

It's a start at 150 b/day.
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Champion Author Seattle

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Message Posted: Nov 7, 2009 12:37:29 PM

150 barrels/day ?? Doesn't sound like much.
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Rookie Author Quebec City

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Message Posted: Nov 7, 2009 12:35:58 PM

go go go
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Champion Author Indianapolis

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Message Posted: Nov 7, 2009 12:32:07 PM

At those depths, you could almost take it out with a straw!
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Rookie Author Sacramento

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Message Posted: Nov 7, 2009 12:30:00 PM

we need a LOT MORE of this
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Champion Author Tampa

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Message Posted: Nov 7, 2009 12:25:46 PM

LET'S GET IT out of the ground
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Champion Author Michigan

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Message Posted: Nov 7, 2009 12:23:38 PM

1000 acres is a good size chunk of land.
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All-Star Author Indiana

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Message Posted: Nov 7, 2009 12:21:53 PM

Lots of successful prospecting going on with little affect on oil prices.
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All-Star Author Iowa

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Message Posted: Nov 7, 2009 12:20:40 PM

some cities drill deeper than this for good water
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Champion Author Orange County

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Message Posted: Nov 7, 2009 12:20:07 PM

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
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Champion Author New Jersey

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Message Posted: Nov 7, 2009 12:17:38 PM

Drill, Baby.
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Champion Author Rochester

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Message Posted: Nov 7, 2009 12:14:51 PM

I wish I owned that property.
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Champion Author Illinois

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Message Posted: Nov 7, 2009 12:14:42 PM

At least it is in the USA
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Champion Author Gary

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Message Posted: Nov 7, 2009 12:14:14 PM

Does that mean the price of gas will come down?

Most likely not!
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Champion Author Milwaukee

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Message Posted: Nov 7, 2009 12:09:06 PM

A billion dollar property.
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Champion Author Alberta

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Message Posted: Nov 7, 2009 12:07:42 PM

Interesting read.
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Veteran Author San Antonio

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Message Posted: Nov 7, 2009 12:06:20 PM

15 million barrels at less than 1,000 feet.

Sounds like a winner.
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Champion Author San Bernardino

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Message Posted: Nov 7, 2009 12:03:41 PM

How did this micro-deal make it on to CNNMoney?
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