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Optimization and Productivity

About the Play

Eagle Ford

Rooted in South Texas.

The Eagle Ford represents a more mature stage of development than our other U.S. resource plays. Our focus has transitioned to efficient development and capturing cash flow from existing wells. We continue to increase well productivity through completion optimization and efficiency gains while bringing on fewer wells.

In 2020, we expect to bring to sales 120 - 140 operated wells in the Eagle Ford. About 50% in Karnes county, 30% in core Atascosa, and about 20% in the northeast core.

Advanced SCADA and digital operating control center drive increased efficiency through automated production trend monitoring and automated alerts on our more than 1,500 producing wells.

A Clear Approach
Our strategy is focused on lower cost, higher margin U.S. resource plays. With operations in four of the best oil-rich basins in the U.S., we are positioned for long term growth.

Recent Performance
Eagle Ford

4Q 2019 Performance

Below are a few highlights from our recent activity in the Eagle Ford. We continued to deliver strong results across Karnes, Atascosa and Gonzales counties. The third and fourth quarters of 2019 represented the two strongest quarters in the history of the asset on a 30-day initial production (IP) basis for oil. Fourth quarter average completed well cost per lateral foot was down 8% from the 2018 average.
105,000
Net BOED average production in 4Q 2019
63%
Oil mix in 4Q 2019
29
Gross company-operated wells to sales in 4Q 2019
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