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Eagle Ford Shale

Freedom Oil & Gas has currently leased over 9,000 net acres in the prolific Eagle Ford shale and expects to capture 10,000 net acres in a focus area in Dimmit County, Texas. We will drill an initial 2 to 6 wells to confirm our technical analysis, and then commence a full field development.

Our acreage is adjacent to offset operators with successful drilling programs and proven acreage with excellent productivity. There are over 300 offsetting wells producing in the area, including wells drilled in three different Eagle Ford producing intervals. As a result, we are confident in our potential for generating attractive returns on our acreage, particularly considering that technology enhancements are greatly improving economics.

Based on our initial analysis and data from offset wells, we believe production from our acreage should be approximately 70-80% liquids. Drilling and completion costs for an 8,000 foot lateral well with a modern completion design are expected to be around $4-5 million per well.

 

Eagle Ford Shale

Freedom Oil & Gas has currently leased over 9,000 net acres in the prolific Eagle Ford shale and expects to capture 10,000 net acres in a focus area in Dimmit County, Texas. We will drill an initial 2 to 6 wells to confirm our technical analysis, and then commence a full field development.

Our acreage is adjacent to offset operators with successful drilling programs and proven acreage with excellent productivity. There are over 300 offsetting wells producing in the area, including wells drilled in three different Eagle Ford producing intervals. As a result, we are confident in our potential for generating attractive returns on our acreage, particularly considering that technology enhancements are greatly improving economics.

Based on our initial analysis and data from offset wells, we believe production from our acreage should be approximately 70-80% liquids. Drilling and completion costs for an 8,000 foot lateral well with a modern completion design are expected to be around $4-5 million per well.

 

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