Square Mile has continued to generate outstanding returns for shareholders and investors.
WHAT WE'VE ACHIEVED
70% success rate on amplitude supported prospects
manage leases covering 100,000 acres
constructed and operate 450,000 feet of pipeline
participated in 450 third party wells with 45 different operators
Operated Gross Production - 200 BCF, 10 MMBO
capital expenditures on operated projects - $775MM
drilling cost expenditures on operated projects - $487MM
Actual well cost averaged 4.1% under drilling afe
drilled 1,750,000 feet in texas and louisiana
seismic inventory in excess of 6,000 sq-mi
REGIONAL achievements
Jefferson County, TX
(2005-current)
Shot new proprietary 3D seismic
Reprocessed and merged multiple data sets, totaling 1,300 sq-mi of 3D seismic
41 amplitude supported discoveries, 68% success rate
Cum Gas 61.1 BCF, Cum Oil 3.7 MMBO
Peak Rates of 18 MMCFD / 3,200 BOPD
Actively exploring surrounding areas
Colorado County, TX
(includes surrounding areas, 2013-current)
Reprocessed and merged multiple data sets, totaling 600 sq-mi of 3D seismic
Identified and successfully exploited a new, AVO supported, geologic play
17 amplitude supported discoveries, 81% success rate
Cum Gas 37.3 BCF, Cum Oil 1.4 MMBO
Peak Rates of 46 MMCFD / 2,200 BOPD
Actively exploring
Matagorda County, TX
(2007-current)
Reprocessed and merged multiple data sets, totaling 90 sq-mi of 3D seismic
13 amplitude supported discoveries, 77% success rate
Cum Gas 47.6 BCF, Cum Oil 1.0 MMBO
Peak Rates of 27 MMCFD / 900 BOPD
Louisiana
(2011-current)
Reprocessed and merged multiple data sets, totaling 1,861 sq-mi of 3D seismic
19 structural and amplitude supported discoveries
Cum Gas 35 BCF, Cum Oil 3,400 MMBO
Peak Rates of 40 MMCFD / 3,800 BOPD