Operations
Verdun Oil Company is strategically focused on the Eagle Ford Play which has proven to be one of the most prolific and efficient plays in the world.
Verdun Oil Company owns and operates leasehold spanning from Dimmit to DeWitt County, TX, primarily focused on the oil and condensate windows of the Eagle Ford trend and additional Austin Chalk acres in the dry gas window of the Giddings Field. The Company currently holds an expansive acreage position of approximately 288,000 net leasehold acres, with over 245,000 net acres in the Eagle Ford trend and 43,000 net acres in the Giddings Field.
Through numerous acquisitions and a successful continuous development program, Verdun has grown net production to approximately 110,000 net BOEPD since its inception in 2016.
With over 1,100 Eagle Ford and Austin Chalk undrilled locations remaining, Verdun has more than 15 years of high-value drilling inventory and proven redevelopment opportunities to supplement greenfield locations.
Verdun is a leader in recompletion of existing wellbores having launched its recompletion program in late 2017 with the Eagle Ford’s first full liner isolation refrac. Since then, Verdun has executed over 100 of these operations.
Ample takeaway and proximity to the Gulf Coast provides optionality and access to premium markets.
Verdun has extensive, company-owned infrastructure in place reducing overall cost structure and allowing for full-field development with minimal future capital outlay. Infrastructure includes over 105,000 HP of company-owned compression (>55% of total utilized), 2 saltwater disposal wells, over 80 central production facilities, over 500 miles of gathering and sales lines, 78 frac ponds, more than 50 water supply wells, and real-time surveillance on ~98% of assets.
Verdun’s Giddings Austin Chalk wells deliver initial production rates of over 20 MMCFD (100% natural gas) and high flowing pressures >7,500 PSI allowing for long flat production periods and high ultimate resource delivery.
