2016 Reserves
Total (Bcfe)
2016 Production
Total (MMcfe/day)
East Texas / North Louisiana
859.4
131.0
South Texas
51.6
35.2
Other Regions
5.1
3.2
916.1
169.4

 

Drilling Program

Our Haynesville shale horizontal well drilling program was the primary driver of our growth in natural gas production and proved reserves in 2016. Our successful Haynesville shale drilling program drove the annual increase in our total natural gas production of 13% and allowed us to grow proved oil and natural gas reserves by 47% in 2016. In 2015 and 2016, we have drilled a total of 21 wells (17.4 net to us) in the Haynesville shale which used our latest well designs that incorporated both longer laterals and enhanced well completion programs. These wells had an average initial production rate of 24 MMcf per day. We spent $60 million for drilling activities in 2016, and when combined with the substantial growth in proved oil and natural gas reserves, we achieved an all-in finding cost of 14¢ per Mcf.
5300 Town and Country Blvd.
Suite 500
Frisco, Texas 75034
(972) 668-8800

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