Eagle Ford Operated

Operated Eagle Ford and Austin Chalk

  • 38,000 gross / 18,600 net leasehold acres in Fayette, Gonzales, and Karnes Counties
    • Working interests range from 33% to 50%
  • 79 gross / 34.9 net producing wells (74 operated / 5 non-op)
  • ~230 identified Eagle Ford drilling locations
  • Majority of acreage covered by 173 square mile 3-D seismic shoot
    • Avoid faulting for steering Eagle Ford wells
    • Indicate natural fractures
    • Delineate other prospective opportunities
  • Other Potential: Upper Eagle Ford, Austin Chalk, Buda, Wilcox, Edwards


Eagle Ford

  • Brought 21 gross wells on line in 2014
  • Brought 13 gross wells on line in 2015
  • Will bring 12 gross wells on line in 2016
  • 500 to 750 foot spacing between laterals
  • Offset by Sanchez and Penn Virginia
  • Drilling and completion costs of $5.0mm to $6.0mm depending on lateral length


Austin Chalk

  • 11 gross / 5.5 net producing wells (8 operated / 3 non-op)
    • 7,880 gross acres held by production
  • Brought 4 gross wells on line in 2014 and 2 gross wells on line in 2015; 1 well brought on line in February 2016
  • Pending well performance, ability to add 7 new locations that can hold significant acreage for future Eagle Ford development
  • D&C of $4.3mm per well; 13,000 feet of lateral length (two opposing laterals)
  • Integrating regional geology with 3-D seismic-defined fracture indications

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