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El Halcón

We have ≈100,000 net acres leased or under contract that we believe are prospective for the Eagle Ford shale formation in East Texas. We continue to make progress towards optimizing well spacing and completion design in an effort to improve economics in the play. Based on results from step out wells drilled to the south combined with results from other offset operators, we believe our entire acreage position has been de-risked and results are expected to be repeatable.

El Halcón
Net Acreage (000s) 100
1Q14 Average Net Daily Production (Boe/d) 7,018
Proved Reserves (Mboe)/ %Oil/NGLs1 22.7 / 97%
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