EXTERRA ENERGY INC. : http://www.exterraenergyinc.com/ : QwikReport
Barnett Shale
Barnett Shale Interests Exterra owns working interests in over fifty (50) producing wells in the Barnett Shale with over 9 MMCF of gas production per day and some condensate. Exterra also has the right to acquire working interests in seven (7) Barnett Shale Wells that are drilled, cased and ready to be frac stimulated, as well as two (2) Barnett Shale wells that are ready to be drilled.
In addition, Exterra owns a working interest carried through first sales in approximately 3,979 acres of proven undeveloped leases (PUDS) in Parker and Hood Counties, Texas. Currently, six (6) Barnett Shale Wells on the leases have been placed into production and are producing significantly. The remainder of the lease will be the subject of a continuous drilling program conducted and operated by Carrizo Oil & Gas, Inc. (Nasdaq "CRZO") and Sauder Management. This acreage could support numerous additional wells.
Exterra owns a 5% interest in an 80 mile, eight inch intrastate natural gas pipeline traversing portions of Bosque, Hamilton, Erath and McLennan Counties, Texas and operated by Panther Pipeline Company; the pipeline is approved and awaiting production for transportation.
The Company also acquired Overriding Royalty Interests in three (3) Barnett Shale Wells in various stages of completion, as well as a commercial salt water disposal well situated in Wise County, Texas.