2013 Reserves
Total (Bcfe)
2013 Production
Total (MMcfe/day)
East Texas / North Louisiana
343.8
129.5
South Texas
227.6
56.3
Other Regions
13.1
4.8
584.5
190.6

 

Drilling Program
Our Eagle Ford shale horizontal well drilling program in our Eagleville field in South Texas was the primary driver of the growth in our oil production and proved oil reserves in 2013. Our successful Eagle Ford shale drilling program added 5.3 million barrels of oil and 5 Bcf of natural gas or 6.1 million barrels of oil equivalent to our proved reserves in 2013. We also added 43 Bcf of proved natural gas reserves in 2013 with our limited drilling activity and improved natural gas prices. We replaced 233% of our oil production and 127% of our natural gas production in 2013. We spent $344 million on drilling activities in 2013 and an additional $137 million to acquire leases for future exploration and development activities. Excluding the acreage costs that were primarily for the acquisition of new leases to be drilled in the future, our 2013 finding costs came in at approximately $20.00 per barrel of oil equivalent.

5300 Town and Country Blvd.
Suite 500
Frisco, Texas 75034
(972) 668-8800

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