Eagle Ford/Cretaceous: Texas

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Ursa believes it has identified an area highly prospective for a resource play development. Ursa has in excess of 40,000 net mineral acres under lease in Burleson, Bastrop, and Lee counties TX. Ursa believes the austin, eagle ford, woodbine, and buda formations are oil filled and prospective in this area. Modern completion technologies should unlock this huge resource potential. Recent development by Clayton Williams, Halcon, and others has proven the technical viability of the play.


 

 

Leased Acreage
40,000 net mineral acres
Target(s)
Primary: Eagle Ford
Secondary: Austin/Buda
EUR: 350-500MBO/well
Depth: 7,000-11,000 ft
Dev. Well cost: $7-8MM
Performance is a function of completion. Existing wells and completions prove the viability of the play. Modern completion = highly economic well.
Analog Play(s)
Eagle Ford
Eaglebine
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