Since 1989, Eratz Investments has been involved in developing new methods and strategies for drilling in the oil and gas industries. Those drilling ventures began in Frio County in South Texas where we drilled wells at a depth of 6,800 feet in the Austin Chalk Formation, an upper Cretaceous geologic formation in the Gulf coast region. The wells were successful and resulted in a profitable success for the investors and Eratz Investments. The industry at the time was just beginning to become heavily involved in horizontal drilling methods, and Eratz Investments was able to sell the leases and equipment to a leading oil company, and in so doing made the investors a sizeable profit.
Throughout the years, Eratz Investments has had operations ranging from Southeastern New Mexico in Lea County in the Wolf Camp Formation to the Texas counties of Wichita, Archer, Throckmorton, Haskell, Foard, Jones, Nolan, Fisher, Taylor, Cottle, Tom Green, and Palo Pinto, and in Northwestern Louisiana and in Kay County, Oklahoma.
In September 1991, Eratz Investments became a bonded, licensed operator in the states of Texas, Oklahoma and Louisiana, and drilled and completed three wells in Wichita County which were later sold to other independent operators. In 1992 and 1993, Eratz Investments drilled and completed 12 oil wells in Archer and Throckmorton counties. In late 1993, Eratz Investments began drilling natural gas wells in Oklahoma and Northern Louisiana. Eratz Investments drilled approximately 30 natural gas wells, which were later sold to another operator.
In the early 1990's in Wichita and Archer counties, Eratz Investments drilled 23 shallow wells and was successful 18 out of 23 times, with only 5 dry holes. Once again, Eratz Investments was able to sell the 18 shallow well properties to another leading oil company in the region, resulting in large profits for the investors and company. Eratz Investments was involved in the production of 5 wildcat wells of a depth of 5,100 feet in Throckmorton County, of which 4 of the wells were successful.
In 1995, Eratz Investments moved its focus and drilling ventures to gas wells in Palo Pinto County, Texas. From 1995 to 2004, Eratz Investments drilled 55 gas wells in Palo Pinto County, all but 12 of which were productive. The productive wells have made 35,000 barrels and over 3.5 billion cubic feet of natural gas since 1995. Eratz Investments also built a twelve-mile gas gathering system in Palo Pinto County. In 2002, Eratz Investments was approached by a mineral owner to drill on his land in Coleman County, Texas, where Eratz Investments successfully drilled 12 new oil wells in the Gardner Sand Formation through the end of 2008. Out of the 12, 9 productive wells have totaled 235,000 barrels of oil and close to 100 million cubic feet of natural gas since 2002.
From 2004 through 2006, Eratz Investments drilled 6 oil and gas wells in Cottle County, Texas, and from 2005 to 2007 drilled another 6 gas wells in Palo Pinto County. 6 of the wildcat wells were productive and have developed into an 8-well offset oil field.
In 2006, Eratz Investments drilled and completed 2 additional wells in Coleman County in the Gardner Sand, and based on those results, drilled 2 more oil wells in the same Gardner Sand in 2007. In 2008, Eratz Investments purchased the Goldsboro Field in Coleman County, a field which in the 1960's and 1970's produced 29 wells and 1.5 million barrels of oil. Eartz Investments has 3 wells with 6 more offset locations in the Goldsboro Field. A field extension is a possibility with a larger reserve potential.
Eratz Investments currently operates 25 wells in Coleman, Palo Pinto, and Cottle counties in Texas, and, as of 2011, Eratz Investments has active drilling projects and production in Nolan, Fisher, Taylor, Coleman, Cottle, and Palo Pinto counties.