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El Halcón

As of December 31, 2014, we held ≈101,000 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 our own results combined with results from other offset operators, we believe our entire acreage position has been de-risked. In 2015, we plan to operate 1 rig and spud 12 to 15 gross operated wells (~77% WI) in El Halcón.

El Halcón
Net Acreage (000s) 101
Proved Reserves (Mboe)/ %Oil/NGLs1 41.7 / 95%
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