WildFire Energy to Acquire Apache’s Eagle Ford Assets
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WildFire Energy has entered into a definitive agreement for the acquisition of approximately 237,000 net acres and interests in 465 wells in the East Texas Eagle Ford from Apache Corporation and subsidiaries.
With the acquisition, WildFire will operate more than 2,000 gross wells on more than 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. In addition, WildFire’s total position includes approximately 550,000 net acres prospective for the Austin Chalk as well as acreage in the Woodbine, Buda, and Georgetown formations.
“This acquisition of adjacent assets presented us with a strategic opportunity to continue consolidating the basin. With a total of more than 850,000 net acres, we have built a premier contiguous asset base, making WildFire the largest operator in the entire Eagle Ford trend,” said Steve Habachy, president and chief operating officer of WildFire.
The Apache acquisition follows WildFire’s acquisition of Chesapeake Energy’s Brazos Valley region assets in the eastern Eagle Ford in March 2023 and allows WildFire to capitalize on its existing infrastructure and scale in the region.
WildFire previously acquired MD America Energy in March 2022 and Hawkwood Energy in August 2021, which began the process of consolidating the eastern Eagle Ford basin.
WildFire Energy is an independent energy platform company pursuing production-weighted oil and gas assets in onshore U.S. basins, seeking to efficiently optimize and develop reserves using modern technologies and its extensive operating experience. WildFire Energy was formed in 2019 with funding from Warburg Pincus, Kayne Anderson, and management.
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