Eagle Ford – Operated Assets
In June of 2018, SDR acquired an operated asset in the prolific Karnes Trough black-oil trend of the Eagle Ford Shale in south Texas. The 100% working interest position is producing 80% oil with additional locations for future development. This acquisition marks SDR’s entrance into unconventional operations in the Lower 48 and the beginning of a strategic growth strategy focused in the Eagle Ford Shale. SDR is actively seeking high-quality operated positions in the black-oil trend of this unconventional play.
The Eagle Ford Shale is a world-class unconventional play trending across Texas from the Mexican border into East Texas, roughly 50 miles wide and 400 miles long, with an average thickness of nearly 200 feet. The shale play is of significant importance due to its capability of producing both oil, natural gas and natural-gas liquids. It is Cretaceous in age resting between the Austin Chalk and the Buda Limestone Formations at depths between 4,000 and 12,000 feet across the trend. It is the source rock for the Austin Chalk and the giant East Texas Field. The high percentage of carbonate, upwards to 70% in south Texas, makes it more brittle and therefore more conducive to effective hydraulic fracturing and efficient recovery.