U.S. Map

East Texas

As of December 31, 2016, our East Texas region included approximately 5,900 gross (3,600 net) acres primarily in San Augustine County, with proven reserves of 0.4 Bcfe comprised of 76% gas, and 10 gross (5.1 net) producing wells. During 2014, we drilled two gross (1.2 net) wells targeting the shallower, liquids-rich James Lime formation on our acreage in San Augustine County. We believe that the further exploitation of our acreage in the Haynesville, Mid-Bossier and James Lime formations may provide long-term natural gas reserve and production growth potential in the future. There has been renewed interest in this area by offset operators as they experiment with new frac techniques and refracing of previously drilled wells.  We will continue to monitor that activity and results; however, we do not anticipate devoting any capital to this area during 2017. As of December 31, 2016, substantially all of our acreage in our East Texas region was held by production.

East Texas Metrics

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Proved Reserves @ 12/31/16
0.4 Bcfe
% Natural Gas
76%
Average WI
51%
PV-10
$0.2 Million
Productive Wells (gross/net)
10 / 5.1
Developed Acreage (gross/net)
5,756 / 3,452
Undeveloped Acreage (gross/net)  180 / 123
   
2016 Average Daily Production (Mmcfe)  0.7
   
Key Operated Field(s):
 
San Augustine, Sabine  
   
Target Formation(s):  
James Lime, Haynesville Shale, Mid-Bossier