If you look at page 8 from Magnum Hunter's December Presentation you can see the proven reserves total.
http://www.magnumhunterresources.com/Magnum_Hunter_Resources.pdf
0.5MMBOE proven reserves from Eagle Ford. However, if you go to page 11 of that presentation, you can see that the reserve estimate is based only on 766 (net) acres with the majority of acreage yet to be measured. Herein lies the real potential of NSE's acquisition today. Over 4,000 acres of highly prospective acreage in the Eagle Ford basin.
It should also be known there is a substantial amount of drilling underway in Atascosa County. Currently, there are 13 wells that are drilling according to Eaglefordshale.com
http://eaglefordshale.com/drilling-rig-count/eagle-ford-rig-count-265-forest-plans-to-double-eagle-ford-output-in-2014-dec-6-2013/
Furthermore, to reiterate the appeal of moving into this county in the Eagle Ford, you just need to look at the ever increasing production numbers.
http://www.texas-drilling.com/atascosa-county
-
- There are more pages in this discussion • 184 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
