The Eagle Ford shale in South Texas region
South Texas, proved reserves are 20 million barrels of oil equivalent
which is 19% of our total reserves. 44% of our reserves in this region
are oil. We have 22,200 net acres prospective for Eagle Ford shale
development in primarily in McMullen and LaSalle counties, Texas.
In 2015, this region accounted
for 96% of our oil production at 8,100 barrels of oil per day and 16%
of our natural gas production at 20 MMcf per day.
Our oil production in the
region decreased 30% in 2015 as we stopped drilling oil wells due to
low prices, and we sold all our interests in oil and gas properties in
and around Burleson County, Texas in July 2015.