Current Operating Areas
Areas of Interest
Current Operations
Corporate Headquarters

Areas of Operation

~210 MMcfe/d

Net Production

~146,000

Net Acres

97%

Operated

+1 Tcfe

Net Reserves

The Barnett Shale of the Fort Worth basin is regarded as the home of the Shale Boom.  From 2002 to 2010, the Barnett was the most productive source of shale gas in the United States.   After production in the Barnett peaked in 2012 at 5.7 Bcf/d, the field has evolved into a mature, low-decline gas field with a vast amount of remaining reserves.

Currently the 6th largest producer in the Fort Worth Basin, FDL’s Barnett position spans 146,100 acres and is primarily located in Johnson, Tarrant, and Parker counties.  The firm operates over 1,000 gas wells with production of ~210 MMcfe/d on less than a 10% decline, managing over 1 Tcfe of reserves.  After acquiring the assets in May 2018, FDL’s primary focus is to streamline operations by cutting costs and implementing production efficiencies.  In addition, the largely contiguous and rural acreage position makes it suitable for long lateral development, with a large inventory of drilling locations already identified by FDL.

~8.1 MMcfe/d

Net Production

100%

Operated

FDL’s southern Mississippi assets are comprised of three fields across 28,000 net acres that produce from the Selma Chalk formation. Net production is  8.1 MMcfe/d with a shallow, stable decline. Exploitation opportunities include horizontal drilling, artificial lift installation, and compressor optimization. Since acquisition, FDL has been able to moderate production decline with minimal capital while also achieving a decrease in operating costs of 20%.

~5.5 Mboe/d

Net Production

100%

Operated

100%

Liquids

FDL operates the 13,000 acre Monell Unit CO2 flood in the Green River Basin. Discovered in 1956, the Monell Unit is unique as it produces from one of the only oil-bearing Almond formations in the Green River Basin. FDL currently produces 5,500 net Boe/d under CO2 flood from this field. Since acquisition, the FDL team increased production with minimal capital and reduced operating costs by 10%. FDL plans to continue the proven infill drilling program and expand the CO2 flood to an adjacent unit in the same reservoir.

~21.4 Mboe/d

Net Production

~140,000

Net Acres

+1,000

Drilling Locations

61%

Liquids

FDL’s West Texas position consists of ~125,000 net acres in the Permian Basin, with the vast majority suited for efficient long lateral development. Current net production is 21,400 Boe/d with horizontal development focused on multiple Spraberry and Wolfcamp zones. A significant drilling inventory of horizontal locations exists with a total resource target of over 500 MMboe.

~7.2 Mboe/d

Net Production

100%

Operated

100%

Liquids

FDL’s Powder River assets are comprised of two fields across 27,000 net acres: Salt Creek and the Linch Complex. Discovered in 1908, Salt Creek is the seventh largest, single-operator oilfield in the contiguous United States and accounts for more than 20% of Wyoming’s cumulative oil production. The field has been under CO2 flood since 2003.

FDL currently operates 7,200 net Boe/d at Salt Creek and is expanding the CO2 flood into two additional producing horizons. Since acquisition, FDL was able to reduce operating costs by 30% and drilling costs by 65%. The Linch Complex is an adjacent group of three federal waterflood units. FDL has identified the potential for 15 MMbbl of CO2 reserves in the Linch fields.