Matagorda Island
Location: Texas State Waters
Area: 21 km2 (5,215 acres)
Sterling Equity: 42% to 75% WI; 36.6% to 59.5% NRI
The state waters of Matagorda Island are a core area for Sterling Energy. The company operates two fields with six active gas wells. The majority of the production is from the prolific Marg. A sands. This is an area of difficult geophysical imaging. Improved seismic data could help add reserves through development of Sterling’s existing fields and identify exploratory deep gas potential.
Matagorda Island Blocks 520L (El Gordo)
Sterling Energy is the majority working interest owner and operator. The field’s productive intervals are Lower Miocene reservoirs. Cumulative production from September 1977 to present is 246 BCF and 4+ MMBO.
Matagorda Island Blocks 720s, 721s (Sherman)
Sterling Energy is the majority working interest owner and operator. The field’s productive intervals are Miocene reservoirs. Cumulative production from August 1975 to present is 16 BCF.
