PayRock Energy 2019 Eagle Ford Divestiture

Overview

  • Opportunity to acquire economic, highly contiguous, and de-risked acreage position in  the Eagle Ford
  • 11,212 gross / net largely undeveloped acres located in La Salle, McMullen, and Dimmit  counties, TX
    • 100% operated with 100% working interest
    • Highly economic locations with average >8,500’ lateral length and robust EURs of  >100 boe/ft
    • Executable optimized development plan on 660’ well spacing supports 63 gross  drilling locations in the Lower Eagle Ford
  • Volatile oil window provides good liquids content with favorable pressure and gas  volumes to sustain solution gas drive
    • June 2019 net production of 2,371 boe/d (74% liquids) from 4 gross wells
  • Offset activity by top tier operators including EOG, Chesapeake, XTO, Sundance  Energy, EP Energy, and Carrizo
  • Significant upside potential from Upper Eagle Ford and Austin Chalk
  • EOR pilots being delineated near PayRock’s acreage position
  • Favorable marketing contracts and no minimum volume commitments or acreage  dedications

Contacts