Corlena Oil Company is a privately owned oil and gas exlploration company in Amarillo, Texas. Corlena was formed in 1989 and operates primarilly in the panhandle of Texas. Principles are W. Jeff Chesnut and Ted Francis. Jeff is a 1980 graduate of Texas Tech University with a degree in Ag Economics. He serves as Land Manager. Ted has a degree from Texas A&M in Petroleum Engineering and oversees all drilling and productions operations. The company generates and assembles oil and gas prospects then drills and produces resulting wells for the production of oil and gas. Recent projects include the sale of the Lard Ranch Granite Wash propect in Roberts County, Texas. This propect was sold to Grayhwawk Petroleum. More recently the company has drilled and completed four horiaontal basal morrow wells in Lipscomb County, TX. These wells were drilled to tvd of 11,200' with a td of 1300' +-and were the first horrizotal morrow wells drilled in the Texas Panhandle. The company assembled an 8000 acre lease block and have recently sold 75% of it's interest to Cordillera Energy Partners to properly capitalize the next phase of drilling. This project may contain as many as 40 locations with reserves of 3-5 bcf/well.
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