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https://www.contango.com/southeast-texas/

Southeast Texas

Southeast Texas

As of December 31, 2018, our Southeast Texas region included approximately 20,000 gross (12,100 net) acres, proved reserves of 16.1 Bcfe and 50 gross (30.8 net) producing wells. In November 2018 we sold non-core conventional assets located in Liberty and Hardin counties for approximately $6.0 million. The average net daily production of these sold properties was 2.1 Mmcfe/d for the year ended December 31, 2018. We currently have approximately 12,100 net acres in Madison and Grimes counties, with a multi-year inventory of potential drilling locations encompassing the Woodbine, Eagle Ford Shale and/or Georgetown/Buda formations. No drilling capital has been allocated to this area since 2015 due to the low commodity price environment and our focus on our Southern Delaware position.

Southeast Texas Metrics

 
Proved Reserves @ 12/31/18
16.1 Bcfe
% Liquids
76%
PV-10
$31 Million
Productive Wells (gross/net)
50 / 30.8
Developed Acreage (gross/net)
12,934 / 8,309
Undeveloped Acreage (gross/net)
7,056 / 3,813 
   
2018 Average Daily Production (Mmcfe) 5.9
   
Key Operated Field(s):
 
Madisonville, Iola-Grimes, Felicia, Nelsonville, and Port Acres  
Target Formation(s):  
Woodbine, Upper and Lower Lewisville, Georgetown, Eagle Ford, Yegua, Cook Mountain