Areas of Operations

Aquire, Operate & Exploit

Texas Assets

                                      

 

North Milton Field – Harris County, TX

  • 1,100 acre tract located near Houston’s Beltway 8 and Interstate 45 – North. Milton field sits below the Bammel Storage Unit, a Yegua reservoir
  • 11 active producers
  • No pending P&A requirements
  • Acreage is serviced by one owned SWD well
  • Field produces ~1,000 Mcf/d and ~20 bbl/d
  • Production generated from Upper Wilcox and Lower Wilcox, with the – lower section being geo-pressured
  • Majority of Wilcox zones are prolific, both within the trend and the field
  • Large amount of in-place pipeline infrastructure
  • Sales are through Kinder Morgan and Energy Transfer
  • Opportunity for purchase of offset acreage position

Oppossum Hollow

  • ~240 acre tract located in McMullen County, Texas
  • Field comprised of:
  • 1 active oil well
  • 1 active gas well
  • 2 shut in oil wells
  • 1 inactive SWD well 
  • Field produces ~250 Mcf/d & ~15 bbl/d
  • Produces from the Wales and Carrizo formations

Mississippi Assets

                                      

  • Operated, conventional gas asset located in Southern Mississippi
  • 35,114 gross / 27,680 net acres across 3 legacy gas fields
    • Gwinville Field: 11,514 net acres
    • Baxterville Field: 14,163 net acres
    • Maxie Field: 2,003 net acres
  • 100% HBP position with average WI of 98.3% and NRI of 76.8%
  • Net daily production of 8.9 MMcfe (99% gas)
    • Long-life, shallow decline production with a first year PDP decline of 6.5%
    • Majority of production is from the Selma Chalk (~6500’)
    • PDP R/P of 10 years
  • Pipeline spec gas receives premium of $0.09 over index
  • 100% operated position offers ability to optimize production and lower operational costs
  • Properties historically undercapitalized, preserving numerous impactful development opportunities
    • Asset well-positioned to capitalize on Selma Chalk horizontal potential
    • Opportunity to implement a more robust refrac program
  • Infrastructure in place for current and future production takeaway

Alabama Assets

                                      

 

Outside Operating Assets

  • Chicken Swamp Branch Field
  • South Coal Fire Creek Field
  • Magby Creek Field

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