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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
January 16, 1996
ENSERCH EXPLORATION, INC.
(Exact name of Registrant as specified in its charter)
Texas 1-11413 75-2556975
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
4849 Greenville Ave., Suite 1500, Dallas, Texas 75206-4186
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including Area Code: 214-369-7893
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ITEM 5. Other Events
A. Set forth below in their entirety are news releases issued
by Enserch Exploration, Inc. on January 16, 1996:
ENSERCH EXPLORATION ANNOUNCES
RESULTS OF GREEN CANYON 254 WELL
DALLAS, TEXAS (January 16, 1996)--Enserch
Exploration, Inc. (NYSE--"EEX") has drilled and tested a
third well at Green Canyon 254, the Allegheny Project, in
the deep water of the Gulf of Mexico.
The OCS-G 7049 No. 5 confirmation well, drilled in
3,300 feet of water to a total depth of 15,066 feet,
encountered 180 feet of pay. A limited well test from
the lowest 30 feet of sand flowed at a rate of 3,000
barrels of oil equivalent per day on a 20/64-inch choke
with 3,300 pounds of tubing pressure and verified the
extent of the oil column.
"We drilled the #5 structurally up-dip from the
earlier discoveries to verify our expectations on the
size of this field. This well further supports the
estimated gross reserves of 111 million equivalent
barrels DeGolyer and MacNaughton has attributed to this
project," said David W. Biegler, chairman of Enserch
Exploration.
The well is being temporarily abandoned for later
completion and the rig is moving to a surface location on
Block 298. If successful, that well will extend the
proven limits of the field 3,000 feet to the south.
Enserch Exploration is the operator of the Green
Canyon project, and owns a 40% working interest. Mobil
Exploration & Producing U.S. Inc., an affiliate of Mobil
Corporation, owns a 40% working interest and Reading &
Bates owns 20%.
Enserch Exploration, Inc. is a natural gas and oil
exploration and production company with activities
focused in Texas and the Gulf of Mexico.
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ENSERCH EXPLORATION ANNOUNCES
DEVELOPMENTS AT GARDEN BANKS 388
DALLAS, TEXAS (January 16, 1996)--Enserch
Exploration, Inc. (NYSE--EEX) announces that the SB-2
well at Garden Banks Block 387 has reached total depth
and encountered over 160 feet of pay in two zones. This
well, along with the discovery well SB-1, is being
completed and will be tied back to the floating
production system on Block 388, three miles away.
Further, the A-1 well at Garden Banks 388, the
Cooper project, the first well drilled from the floating
production system, is drilling ahead below 5,800 feet.
The planned total depth of the well is 11,448 feet.
Current gross production from the initial two wells
on Garden Banks 388 is now averaging 4,000 barrels of oil
equivalent per day. Development wells will be completed
and brought on production throughout 1996. First
production from the Block 387 wells is expected in May,
some two months later than originally predicted due to
sidetracking the SB-2 well.
Enserch Exploration is the operator and owns 60% of
the Garden Banks project. Mobil Exploration & Producing
U.S. Inc. owns the remaining 40%.
Enserch Exploration, Inc. is a natural gas and oil
exploration and production company with activities
focused in Texas and the Gulf of Mexico.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.
Enserch Exploration, Inc.
Date: January 16, 1996 By: /s/ A. E. Gallatin
A. E. Gallatin
Vice President and Treasurer
