Home > Operations > South Texas

South Texas

FOCUSED ON EXECUTION AND RETURNS ENHANCEMENT

2022 Operating Plan

2022 Plan Details

• Complete ~43 net wells and Drill ~42 net wells

• ~11,000′ expected average lateral feet per well

• ~38% Boe PDP decline expected (YE21 – YE22)

Marketing Update

• Transportation costs expected to decrease an additional ~$0.35/Mcf in mid 2023

Austin Chalk Success

• New condensate export facility in North Briscoe to handle increased liquids production

• Delineation & development program of 46 wells producing, that have reached peak IP30, as of June 30, 2022, has indicated Austin Chalk inventory over a broad area

Operating Details*

*as of June 30, 2022