Tapping the Potential of the Shale Resource
We are poised to take advantage of our significant acreage positions in the Eagle Ford and Austin Chalk plays. In south Gonzales County, Texas, in the Eagle Ford shale, the Company has participated in two wells, in which it owns a minority interest, that are currently producing approximately 90% crude oil. We also have reactivated and are producing an Austin Chalk well in Karnes County, in which we own a 100% working interest.
Drilling down to profitability
Using the latest technology and advanced drilling techniques, we can now economically tap into rich hydrocarbons that were previously inaccessible, locked away in tight shale deposits. Estimated to be 89 to 95 million years old, the shale of the Eagle Ford Play is a highly frackable source of hydrocarbons that is roughly 400 miles long and 50 miles wide. Our acreage includes three vertically adjoining oil prone intervals that provide excellent well control and de-risking for ongoing operations in addition to high rates of statistical predictability and significant reserve potentials.
Estimated to be 89 to 95 million years old, the shale of the Eagle Ford Play is a highly frackable source of hydrocarbons, waiting to be released and put to work for America. Our acreage offers high rates of statistical predictability and significant reserve potentials.