EOG Resources - Haynesville Divestiture 2016

Excellent opportunity to acquire highly economic, turnkey unconventional dry gas and combo assets located in the Haynesville and Bossier fairways

Overview

  • Active development in the basin includes 10 rigs currently targeting the Haynesville/Bossier
  • Drilling longer laterals and advances in completion design (including larger fracture treatments) continue to improve economics
  • Estimated June 2016 net production of ~36 mmcfe/d (90% gas) from ~170 PDP wells
  • Large leasehold of ~83,000 net acres, which is 97% HBP
  • ~12,000 net acres in LA Core Area (De Soto and Sabine parishes, LA)
  • ~38,000 net acres in Texas Dry Gas Area (Nacogdoches, Sabine, and San Augustine cos., TX)
  • ~33,000 net acres in the Panola Wet Gas Combo Area
  • Quantified opportunities include >700 gross operated drilling locations, >60 refracture candidates, and installation of low pressure gathering
  • Extensive midstream infrastructure in place to facilitate further development

Contacts

Please email the signed Confidentiality Agreement to EOG.Haynesville@bmo.com

Contact Chelsea Neville at +1 713-546-9703 or any of the above individuals with questions.