Day 17 – Payson Petroleum’s Brown #1 Oil Investment Update

Posted by on Nov 29, 2011 in Industry News | No Comments
Day 17 – Payson Petroleum’s Brown #1 Oil Investment Update

Days From Spud: 17 Activity at Report Time: Drilling at 8,721’ with a new 8 3⁄4 Cone Bit Progress: 38’ in 24 hours Day Summary : Now that we are encountering the harder formations, we are utilizing all the current advisor expertise in the area on how to get a better ROP (rate of penetration). ...

Day 15 – Payson Petroleum Brown #1 Oil Investment Update

Posted by on Nov 27, 2011 in Industry News | No Comments
Day 15 – Payson Petroleum Brown #1 Oil Investment Update

Days From Spud: 15 Activity at Report Time: Drilling at 8,542’ with a 8 3⁄4 Cone Bit Progress: 66’ in 24 hours Day Summary : 75% of yesterday was spent conditioning the hole. This is a process in which there is a lot of washing and application of additional mud on the well bore. This ...

Payson Petroleum’s Brown #1 Day 14 – Drilling for Oil 101

Posted by on Nov 26, 2011 in Industry News, Video | No Comments

http://www.paysonpetro.com/ Day 14 and we are past 8000′ in our drilling to a depth of 10,500.

Payson Petroleum’s Brown #1 Aerial Tour – Day 12 of Drilling for Oil

Posted by on Nov 26, 2011 in Industry News, Video | No Comments

http://www.paysonpetro.com/ Day 12 and we are at 7400′ in our drilling to a depth of 10,500.

Payson Petroleum – How does Drilling Fluid (Mud) work?

Posted by on Nov 25, 2011 in Industry News | No Comments
Payson Petroleum – How does Drilling Fluid (Mud) work?

Drilling deeper, longer and more challenging wells has been made possible by improvements in drilling technologies, including more efficient and effective drilling fluids. Drilling fluids, also referred to as drilling mud, are added to the wellbore to facilitate the drilling process by suspending cuttings, controlling pressure, stabilizing exposed rock, providing buoyancy, and cooling and lubricating. ...

Day 12 – Payson Petroleum’s Brown #1 Oil Investment Update

Posted by on Nov 24, 2011 in Industry News | No Comments
Day 12 – Payson Petroleum’s Brown #1 Oil Investment Update

Days From Spud: 12 Activity at Report Time: Drilling at 8,145’ with a 8 3⁄4 PDC bit Progress: 620’ in 24 hours Day Summary : We are seeing an average ROP (rate of penetration) of 25.8’ an hour for the past 24 hours. . As of the last survey run by the Verti-Trak tool, we ...

Payson Petroleum’s Brown #1 Oil Investment – Day 11 of Drilling

Posted by on Nov 23, 2011 in Industry News, Video | No Comments

http://www.paysonpetro.com/ November 22, 2011 – Day 11 of drilling the Brown #1 Well in Grayson County, TX.

Payson Petroleum’s Brown #1 Drilling Day 10 – Drilling for Oil in the Rain!

Posted by on Nov 23, 2011 in Industry News, Video | No Comments

http://www.paysonpetro.com/ Day 10 of drilling the Brown #1 Well in Grayson County, TX. We are currently at

Day 10 – Payson Petroleum’s Brown #1 Oil Investment Update

Posted by on Nov 22, 2011 in Industry News | No Comments
Day 10 – Payson Petroleum’s Brown #1 Oil Investment Update

Days From Spud: 10 Activity at Report Time: Drilling at 6,880’ with a 8 ¾ PDC bit Progress: 722’ in 24 hours Day Summary : We are seeing an average ROP (rate of penetration) of 30’ an hour for the past 24 hours.  We performed  a wiper trip (taking a section of the drill pipe ...

Brown #1 Drilling Update Day 8 – Payson Petroleum Oil Investments

Posted by on Nov 21, 2011 in Industry News, Invest In Oil, Video | No Comments

http://www.paysonpetro.com/ Day eight of drilling the Brown #1 Oil Investment. We are currently at 5,500′ feet. We