A major program conceived and implemented by Davis Bros. in the 1970s was its participation in the efforts of Davis McCoy, Inc. This program acquired in excess of 400,000 net acres of leases and 2,000 miles of seismic data over a three-year period. The first prospect drilled in this program yielded an outstanding Smackover discovery, which opened up the Chunchula Field in Mobile County, Alabama, a new Smackover producing province. Reservoir studies of this field conducted by the operator, Union Oil of California, indicated recoverable condensate reserves of 102 million barrels and recoverable gas reserves of 179 billion cubic feet, or Bcf.
During the term of the project, an agreement was effected with the largest independently owned oil partnership in Norway to participate in the venture. This Norwegian group was a consortium of 200 of the largest industrial concerns in Norway with operations in the British and Dutch sectors of the North Sea, Guatemala, and Peru.
Alabama Ferry Field
Davis Bros. was responsible for the northern explorations of the Alabama Ferry Field in Leon County, Texas. The field, initially discovered by Murphy Baxter in 1983, produces from the Glenn Rose Formation in the “D” interval over a large area ranging in depth from 9,000 to 10,500 feet. It is the largest Cretaceous aged discovery of its kind since the Giant Fairway Field found in the 1960s.