Total proved reserves: 33 MM BOE
Proved reserves by commodity: 72% gas…26% oil…2% NGL
States: Texas, Louisiana, Utah, Colorado
Net leasehold acres: 134,000
Well count: 343
BOEPD: 5,250 (74% gas)
Gulf Coast
16 counties (TX), 16 parishes (LA)
Producing wells: 142
Net acres: 57,000
Proved reserves: 25.9 MM BOE
Mostly vertical, conventional, long-life, low-decline gas-weighted assets and associated production facilities in southern Texas and Louisiana. Assets across the Austin Chalk, Wilcox and Tuscaloosa trends with significant low-risk development inventory.
Ark-La-Tex
Caddo, Claiborne, Webster Parishes LA
Producing wells: 30
Net acres: 14,000
Proved reserves: 1.4 MM BOE
Low-geologic-risk assets in northern Louisiana with shallow annual declines. Includes rights to Haynesville, Cotton Valley, and Smackover formations with upside in incremental drilling and development. Midstream infrastructure with 2-pipeline gas gathering system, compression stations, and field office.
Paradox Basin
Carbon and Emery Counties UT
Producing wells: 156
Net acres: 47,000
Proved reserves: 4.7 MM BOE
Coalbed methane assets characterized as conventional, long-lived, shallow-declining wells with shallow target depths and low drilling costs. Assets 100% held by production situated in Utah’s largest natural gas field, Drunkards Wash, along western edge of Uinta Basin. Includes extensive gas gathering and processing system.
DJ Basin
Lincoln County CO
Producing wells: 15
Net acres: 16,000
Proved reserves: 1.2 MM BOE
Vertical, low-decline, oil-weighted assets and associated production facilities in Colorado’s oil-rich Denver-Julesburg (“DJ”) Basin.