Austin Chalk & Eagle Ford
Austin Chalk
– Predictable (statistical), creates legacy oil production
– High-return, horizontal accessed/drilled oil production opportunities
– Natural fractures provide good permeability
– Open hole completions/NO FRACKING
Eagle Ford acreage is located in a rapidly developing area of play
– One of the most active shale plays in the U.S. with high levels of operational and acquisition activity
– Argent acreage offset activity since January 1, 2012
- 35 horizontal wells drilled within 5 miles of Argent’s acreage in Fayette and Gonzales counties
- 60 additional wells are permitted to drill, being drilled or are being completed
- Operators – Magnum Hunter, Zaza (Hess), Tidal, Weber, and Halcon
– Exceptional Long term growth potential
- 87 additional drilling locations beyond 8 locations in current Sproule Engineering Report
– One of the most active shale plays in the U.S. with high levels of operational and acquisition activity
– Argent acreage offset activity since January 1, 2012
- 35 horizontal wells drilled within 5 miles of Argent’s acreage in Fayette and Gonzales counties
- 60 additional wells are permitted to drill, being drilled or are being completed
- Operators – Magnum Hunter, Zaza (Hess), Tidal, Weber, and Halcon
– Exceptional Long term growth potential
- 87 additional drilling locations beyond 8 locations in current Sproule Engineering Report
©2013 Argent Energy Trust