WildFire Energy to acquire Eagle Ford assets from Apache
WildFire Energy I LLC, Houston, has agreed to acquire about 237,000 net acres and interests in 465 wells in the East Texas Eagle Ford from Apache Corp. and subsidiaries, the company said in a release May 20.
With the acquisition, WildFire would 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. WildFire's total position includes about 550,000 net acres prospective for the Austin Chalk as well as acreage in the Woodbine, Buda, and Georgetown formations.
In this year’s first quarter, the acreage to be acquired averaged net daily production of about 11,000 boe/d (67% liquids). Pro forma for the acquisition, WildFire expects its net daily production will surpass 50,000 boe/d (85% liquids).
The deal follows WildFire's acquisition of Chesapeake Energy Corp.’s Brazos Valley region assets in the eastern Eagle Ford in March 2023 and others (OGJ Online, Feb. 6, 2023).
