The New Hope field is in southeastern Franklin County, Texas, in the north-central part of the East Texas basin. It is approximately 20 miles south of the Talco field, which produces from the Paluxy sand, and 25 miles north of the Hawkins field, which produces from the Woodbine sand.
In the spring of 1941, the Tide Water Associated Oil Company and Seaboard Oil Company, operating jointly, employed the Independent Exploration Company to conduct a reconnaissance gravity survey of the north part of the East Texas basin. This survey revealed a broad, minimum-gravity anomaly in southern Franklin County which warranted further...
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