Latest News

March 3, 2010

Compass announces it has completed the Boettcher- Patschke 1H well with a reported rate of 157 BOPD, 44 MCFPD and 199 BWPD from a horizontal well bore in the Austin Chalk formation in Lee County, Texas.

November 16, 2009

Compass announces it began drilling operations on the Boettcher-Patschke 1H well in Lee County, Texas on November 14, 2009.  The horizontal well is designed to evaluate the Austin Chalk and Navarro/Taylor formations.

October 5, 2009

Compass announces it began drilling operations on the Nancy Perry 1 well in Lee County, Texas on October 2, 2009. The vertical well is designed to evaluate the Edwards, Georgetown, Austin Chalk and Navarro/Taylor intervals.

September 18, 2009

Compass announces that it began drilling operations on the Woodward Kasper 1H well in Lee County, Texas on September 10, 2009.  The well is designed to evaluate the Navarro, Taylor and Austin Chalk formations.

August 18, 2009

Compass announces that it began drilling operations Monday at its Markert- Brown 2H well in Lee County, Texas. This is a development location and western offset to the Markert Brown 1H well, a prolific Austin Chalk oil well drilled by Compass. The  new field has produced in excess of 100,000 barrels of oil since mid-November, 2008.

Last year, Compass also successfully offset the Markert Brown 1H well approximately 1.5 miles to the southeast in its Kleinschmidt 1H well. Compass plans to drill five wells in the next few months with additional development wells planned in early 2010. Compass operates the project with 60 percent working interest including approximately 20,000 gross acres surrounding the wells.

Compass President Douglas Brooks said his team is excited to begin a development program on its asset along with its partner KA Compass LLC, a subsidiary of Kayne Anderson.

"The drilling program is designed to develop the Austin Chalk formation along with further delineation of the shallower Navarro formation and deeper Georgetown formation," Brooks said. " A deeper pool well will also test a seismically defined Edwards structure in the program".

June 1, 2009

Compass Resources Operating, LLC ("Compass Resources") announces that it has sold a 40% interest in its Panther Creek project in Lee County, Texas to KA Compass LLC ("KA Compass"), an affiliate of the Kayne Anderson Energy Funds ("Kayne Anderson").  In addition to the cash consideration paid to Compass Resources, KA Compass will participate in the drilling of four Obligation Wells beginning this summer to further develop the Panther Creek project.  Additionally, Kayne Anderson has joined Natural Gas Partners in an equity commitment to Compass Resources II, LP, another venture of the Compass team.

October 30, 2008

Compass announces the completion of its Markert-Brown 1H well in Lee county, Texas as a commercial producer.  Compass plans to place the nearby Kleinschmidt 1H well on production soon. 

October 17, 2008

Compass announces the execution of a gas gathering and marketing agreement with DCP covering its Markert-Brown 1H and Kleinschmidt 1H wells, Lee county, Texas.

August 12, 2008

Compass announces commencement of drilling operations for the Kleinschmidt 1H well in Lee County, Texas.

June 23, 2008

Compass announces commencement of drilling operations  for  the Markert-Brown 1H well in Lee County, Texas.

May 30, 2008

Compass announces the completion of Ferris 1- 1H and McKenzie 1-7H wells as producers from the Cretaceous Mowry formation in Wyoming.

In addition, Compass received approval from the Texas Rail Road Commission to drill the Markert-Brown 1H and Kleinschmidt 1H in Lee County, Texas.

 

April 18, 2008

Compass announces that it has assembled approximately 18,000 gross and 16,000 net acres in its Panther Creek Prospect in South Central Texas.  Two wells are planned beginning in May, 2008.

March, 2008

Compass announces it continues the completion procedures on the Ferris1-1H well, Carbon County and McKenzie 1-7H well, Natrona County, Wyoming.

January 28, 2008

Nancy Zamarron joins Compass Resources Corporation I as Engineering Technician.

November 28, 2007

Compass commences drilling operation on its Ferris1-1H well, Carbon County, Wyoming.

October 27, 2007

Compass commences drilling operation on its McKenzie 1-7H well, Natrona County, Wyoming.

August 15, 2007

James Kendall joins Compass Resources Corporation I as Vice President, GeoScience.

July 5, 2007

Rex Henderson joins Compass Resources Corporation I as Manager, Land & Contracts.

June 7, 2007

Compass Resources Corporation I announces its affiliate Compass Resources Operating, LLC  has acquired approximately 100,000 net acres in Wyoming. Compass and its partners are pursuing a newly developing resource play from the Cretaecous Mowry formation with plans to drill two wells in the fall of 2007.

May 3, 2007

Roberto Estrada joins Compass Resources Corporation I as Manager, Finance and Administration.

May 1, 2007

Jay B. Knaebel joins Compass Resources Corporation I as Vice President, Reservoir Engineering and Corporate Development.

February 1, 2007

John L. Morgan joins Compass Resources Corporation I as Vice President, Production and Operations.

November 7, 2006
Compass Resources Corporation I moves in to its new headquarters at 1717 St. James Place, Suite 220, Houston Texas 77056.

October 27, 2006
Compass Resources Corporation I is formed to acquire, exploit and produce hydrocarbons.