WildFire Energy Announces Eagle Ford Acquisition from Apache Corporation and Subsidiaries [Yahoo! Finance]
APA Corporation (APA)
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Source: Yahoo! Finance
HOUSTON May 20, 2024 /PRNewswire/ -- WildFire Energy I LLC ("WildFire"), today announced that it has entered into a definitive agreement for the acquisition of approximately 237,000 net acres and interests in 465 wells in the East Texas Eagle Ford from Apache Corporation and subsidiaries. With the acquisition, WildFire will operate more than 2,000 gross wells on over 850,000 net acres in the eastern Eagle Ford encompassing Fayette Bastrop Lee Austin Washington Burleson Brazos Milam Robertson Madison , and Grimes counties of Texas . In addition, WildFire's total position includes approximately 550,000 net acres prospective for the Austin Chalk as well as acreage in the Woodbine, Buda , and Georgetown formations. In Q1 2024, the acquired Apache assets averaged net daily production of approximately 11,000 barrels of oil equivalent (Boe) (67% liquids). WildFire estimates unaudited, net proved reserves were approximately 40 million barrels of oil equivalent (MMboe) as of December 31, 20
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