Midland Basin Non-Operated

Midland Basin Non-Op Asset Overview

County Gross Acres Net Interest (%) Net Acres
Martin 1,757 43.75 769
1,127 20 225
Midland 640 43.75 280
Glasscock 4,480 43.75 1,960
Howard 6,121 40.625 2,487
640 25.39 162
Total: 14,765 5,883

  • Strong offsetting operator results in Lower Spraberry, Wolfcamp A, B and D (Cline)
  • Additional horizontal upside in Middle Sprayberry, Jo Mill and Wolfcamp C
  • Horizontal activity on the Company’s acreage
    • 2 producing horizontal Wolfcamp wells in Glasscock County
    • 1 producing horizontal Wolfcamp well in Howard County


Midland Basin – Howard County

  • 6,761 gross / 2,649 net acres prospective for the Wolfcamp
    • Leasehold interest of 25% to 41%
  • First horizontal well planned for August 2016
  • Increasing horizontal well activity by other operators in Howard County
    • Offset by Encana and Oxy
  • Contiguous acreage block allows for efficient layout of long laterals


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