Cholla partners with idea generators to develop prospects with significant upside for all stakeholders involved as well as the communities in which we operate.

Deep analysis and informed decisions are critical, but we acknowledge excellent prospects need capital and the operational expertise. While dry hole wells are part of exploration, they provide crucial insights to learn and capabilities.

We spend time understanding a prospect generator's vision, infrastructure needs, and various milestones necessary to achieve project viability. Then, by drawing on our 50 years of multi basin operational experiences, we can implement state-of-the-art exploration technology and exploration techniques to improve the chances of project success.

Examples of our exploration strategy:

  • Application of horizontal drilling to reservoirs with vertical production or DST shows
  • Re-examination of under-explored basins with known resource presence 
  • Utilization of 3D to better define complex areas with known hydrocarbons
  • Application of newer techniques to previously uneconomic reservoirs with analogous properties to established reservoirs in other areas/basins
  • Partner with outside geologists, engineers and operators who possess local knowledge who want their prospects pursued and tested

* We will acquire PDP assets that involve any of the strategies above with a preference of creating value through the drill bit

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