Areas of Operation
~21.4 Mboe/d
Net Production
~140,000
Net Acres
+1,000
Drilling Locations
61%
Liquids
4/30/19
Exited
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.
~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%.