News

Verdun Oil Company closed on the acquisition of Eagle Ford properties in La Salle County. The acquisition includes over 34,000 net acres, 193 producing wells, 8,500 BOEPD, and 125 gross operated drilling locations.

Verdun Oil Company closed on the acquisition of EP Energy, with assets located primarily in LaSalle County, TX.   The acquisition includes production from over 950 operated wells across 110,000 net acres and further cements Verdun’s position as the premier mid-size Operator in the trend.

Verdun Oil Company acquired a 70% operated working interest (“WI”) in 6,933 gross acres (4,853 net acres) in McMullen and Live Oak Counties, TX.

Verdun Oil Company acquired Protégé Energy III’s Eagle Ford assets located in Dimmitt and Atascosa Counties.   The takeover increases Verdun’s operated well county by 128 wells and creates economies of scale for more efficient development of the combined resource base.

Verdun Oil Company completed its 1st, 2nd, and 3rd water gathering systems with over 15 miles of combined pipeline length designed to handle all of the Company’s produced water plus that from offset operators in need of cheap, environmentally-friendly solutions. These projects demonstrate Verdun’s commitment to pursue efficient (clean) projects that also provide low-risk returns on capital employed.

Verdun Oil Company eclipsed the 20,000 net BOEPD milestone, while building an inventory of 16 DUC’s (and counting) that are expected to come on line between March and June of 2019.

Verdun Oil Company today closed on a contiguous block of 6,318 gross / 5,460 net acres and 850 net BOEPD located in Karnes and Live Oak Counties. This acquisition brings with it 22 producing wells, 2 state-of-the-art central facilities, a complete field gathering system, and 71 future greenfield drilling locations. The company now operates more than 160 horizontal wells and produces in excess of 12,000 net BOEPD.

Verdun Oil Company announced the signing of a Purchase and Sale Agreement (PSA) with a private company to acquire additional HBP assets located in the matrix porosity trend of the greater Giddings Austin Chalk field. This acquisition increases Verdun’s Austin Chalk position to 55,000 net acres and complements the company’s strategy of coring up contiguous blocks of high-quality acreage allowing for efficient, long horizontal length development.

Verdun Oil Company today closed on 2,210 net acres (81% NRI) of non-producing leasehold located in the oil window of McMullen County. This acquisition gives the Company 27 efficient greenfield locations allowing for an average horizontal length of 8,050 ft.

Verdun Oil Company today closed on 2,700 net acres and 1,250 net BOEPD in Live Oak County, immediately adjacent to existing Verdun leasehold and production. Verdun now operates 130 wells with more than 55,000 net acres of leasehold in the Eagle Ford and Austin Chalk trends.

Verdun Oil Company today announced that it has signed a Purchase and Sale Agreement (PSA) to acquire an additional assets within the Eagle Ford trend. This transaction is set to close on October 1, 2017 and will increase the Company’s acreage position in the Eagle Ford and Austin Chalk trends to over 45,000 net acres.

The Company has TD’d its 12th Eagle Ford well at a measured depth of 21,500 ft and a true vertical depth of 12,200 ft, further demonstrating its ability to efficiently drill and complete long laterals and maximize the recovery of reserves under lease. To date, the Company’s drilling program has delivered an average lateral length of 9,000 ft, with the longest coming in at 11,000 ft. Verdun expects to have completed and turned in line a total of 17 wells by September 2017.

Verdun Oil Company today announced that it completed its third asset acquisition consisting of 1,900 net acres and 600 net BOEPD in DeWitt and Gonzales Counties. This acquisition illustrates the Company’s ongoing commitment to acquire and develop the highest quality acreage in the Eagle Ford Trend.

Verdun Oil Company spud its first two Eagle Ford wells, each with an anticipated lateral length of over 9,500 ft, on properties purchased just three days earlier.

Verdun Oil Company today announced that it completed the acquisition of over 11,000 net acres and 2,000 BOEPD from an undisclosed party, increasing its acreage position in South Texas to approximately 15,000 net acres.

Verdun Oil Company LLC (“Verdun”) has been formed with a $250 million equity commitment from management and EnCap Investments, L.P. Verdun will focus on acquiring existing oil production and developing new plays in the Mid-continent and Gulf Coast regions. Verdun is led by Tim Nein and managed by a team of experienced professionals with more than $10 billion in transaction experience.  The team has also drilled and operated in excess of 1,600 horizontal wells across the Gulf Coast (Eagle Ford), Permian Basin, Appalachian, and Denver-Julesburg Basins.