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.

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%.