Midland, TX-based Escondido Resources II LLC touted Wednesday what it said is the highest-producing natural gas well to date in the Eagle Ford Shale of South Texas: its Spohn Ranch 1H well in the Hawkville Field in Webb County. Jan. 15, 2023 5 AM PT. Escondido II will retain a substantial acreage position in the region of approximately 60,000 net acres in the shallow Escondido and Olmos formations, primarily in northern Webb County. The companys latest horizontal oil well in McMullen County targeted the Olmos formation. Headquarters. www.eroc.com. are very economic even in todays low gas price environment, while still Database of selected U.S. and international exploration wells. Suite 200 Escondido's senior management team has been working in the South Texas region since the late 1980s, and the company's strategy is to grow through low-risk exploitation and development along with higher-risk exploration of its existing properties and acreage. The company is drilling seven follow-up wells. Producing Escondido also completed its first horizontal oil well in the Escondido formation. Select Accept to consent or Reject to decline non-essential cookies for this use. 2023-06-14 - Russia resumed oil exports to North Korea in December, the first since 2020 as the two countries deepen ties. According With headquarters in Midland, Texas, and satellite offices in Houston, They produce and drill conventional and unconventional reserves for natural gas, oil, and natural gas liquids. In addition, the company has recently drilled 11 horizontal wells in the Mathematician and author Hannah Fry investigates patterns in human behavior, AI and the creative ideas behind the organizations and pioneers transforming society. Ken joined Escondido in 2021 and currently serves as CEO and sits on the Escondido Board. to focus on our bread and butter Escondido and Olmos reservoirs, which To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Date Nicholas Stellas is a dedicated energy finance professional with experience in asset development, corporate finance, and acquisitions and divestitures. View contacts for Escondido Resources to access new leads and connect with decision-makers. Finding the hidden descriptors is not super obvious even to adults, so it also teaches them to . She is responsible for ensuring that the companys accounting practices, financial reporting and tax reporting adhere to the highest professional standards. 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Escondido Resources II LLC, a privately held company backed by EnCap Investments LP, has acquired producing assets in South Texas from Kaiser-Francis Oil Co., Tulsa, Okla., for an undisclosed price. Escondido Perform a free Escondido, CA public property records search, including property appraisals, unclaimed property, ownership searches, lookups, tax records, titles, deeds, and liens. Learn More. having a substantial position in the gas-prone portion of the Eagle Ford net acres in the Eagle Ford Shale for a total consideration of $115.3 It allows us to focus on our bread and butter Escondido and Olmos reservoirs, which are very economic even in todays low gas price environment, while still having a substantial position in the gas-prone portion of the Eagle Ford Shale. Escondido Resources II, LLC operates as an exploration, production, and development company. Partners William E. Deupree, Organization Escondido Resources Connect to CRM Summary People Technology Signals & News Similar Companies About Escondido Resources operates as an exploration, production, and development company. Prior to joining Escondido, Zade worked at JP Morgans energy investment banking technical team where he held various roles on transactions totaling ~$100bn in value. Since joining the company, he has held various roles of increasing responsibility and currently serves as Vice President Land and Business Development. The show examines all aspects of the legal profession, from intellectual property to criminal law, from bankruptcy to securities law, drawing on the deep research tools of BloombergLaw.com and BloombergBNA.com. one-half of its acreage. Believing that transparent markets empower businesses, economies, and communities, Natural Gas Intelligence (NGI) provides natural gas price transparency and key news, insights and data for the North American energy markets. It's a great "find-the-hidden-things" kind of book that kids love, and it teaches vocabulary in a fun way. https://lnkd.in/gP_UtYEZ, Join to see who you already know at Escondido Resources, Discovering Hidden Reserves in South Texas, Find people you know at Escondido Resources, Geographic Information Systems Analyst jobs. Escondido II will retain a substantial acreage position in the region of Company profile page for Escondido Resources II LLC including stock price, company news, press releases, executives, board members, and contact information (760) 755-5900. Escondido, CA 92029-2059. EnCap portfolio company Escondido Resources II buys producing assets from Kaiser-Francis Oil gaining 2,300 gross acres, plus 40,000 acres in new leasehold. ISSN 2577-9877 Reporters from Bloomberg's Washington, D.C. bureau are prominently featured as they offer analysis of policy and legal issues. Escondido Resources is focused on acquiring and developing conventional and unconventional reserves in South Texas. Escondido Resources is a private independent exploration, production, and development company focused on developing unconventional reserves in South Texas. They work with local landowners and residents, natural resource organizations, natural resource users, and local, state, and the federal government to conserve natural resources, control and prevent soil erosion, conserve and develop water resources and water quality, preserve wildlife, conserve natural beauty, and promote collaborative . The Company focuses on extraction, transmission, drilling, developing, and exploration of natural gas. View Subscription Options Headquarters:2002 W Grand Parkway N, Ste 205Katy, TX 774409, Field Office:19297 S. I-35Encinal, TX 78019. These new technologies dramatically enhance the company's ability to economically increase production and reserves while minimizing the environmental footprint of its operations. formations, primarily in northern Webb County. They plan to develop its 40,000 gross-acreage positions in the eagle ford shale, hidden formation, and olmos. Current natural gas production capacity for the company exceeds 50,000 million cubic feet per day (mcf/d) from the Wilcox, Escondido, Olmos and Eagle Ford formations. In its first 30 days production from the Nichols 3H averaged more than 300 b/d and 1.1 MMcf/d of associated gas. Name Email Address Subject Compass Production Partners owns and operates conventional oil and natural gas properties in North Louisiana and the Permian Basin of West Texas. Escondido Resources is a private independent exploration, production and development company focused on conventional and unconventional reserves in South Texas. #gas #natgas ISSN 2158-8023 Once testing is complete WhoFundsWho will also be available from the Chrome Webstore. Escondido II To Buy South TX Assets With Eagle Ford Potential, Meritorious Awards for Engineering Innovation (MEA), TotalEnergies Announces Ntokon Oil and Gas Discovery off Nigeria, Finland's LNG Import Terminal Fully Booked for Q2 and Q3, CEO Says, Russia Resumes Oil Exports to North Korea After Long Pause, Asian Spot LNG Prices Slip for Sixth Straight Week, Asian Spot Prices Flat on Limited Demand, Ample Spot Supplies. | The Company used Robert grew up in San Antonio and has been in Houston since 1990. All rights reserved. Escondido Resources's Profile, Revenue and Employees. Amusement Parks, Arcades & Attractions, Hospitality, 9090 Fm 2147, Horseshoe Bay, Texas, 78657, United States. Partners William E. Deupree, Mark E. Semmelbeck, J. Kurt von Plonski and J. David Wrather formed Escondido Resources II LLC as successor to Escondido Resources, L.P., which was sold for $249.5 million in October 2007. San Antonio and Kingwood, Texas, privately held Escondido Resources II, Zade joined Escondido in 2023 as Vice President of Reservoir Engineering, focusing on asset development, resource characterization, and business development. All News Permitted Wells Drilling Activity Completion Activity Transactions Contact Operating Areas Drilling Activity - Escondido Resources Ii, Llc - Rig Count Permitting Activity January 03,2023 : Escondido Resources Ii, Llc Permitted the LEMMOND E 9H Horizontal well in Webb,TX : Eagle Ford Shale Get access to 100,000+ more news articles & industry data. Escondido II was advised on the sales transactions by Griffis 2002 W Grand Pkwy N Ste 205, Katy, Texas, 77449, United States. million. Subscribe for free to our newsletters for the latest energy news. The company is focused on developing conventional and unconventional reserves in Eagle Ford shale and the Escondido/Olmos formations in Webb, LaSalle and McMullen counties in South Texas. Escondido II is backed by private equity commitments from EnCap Investments L.P. of Houston, Texas. the proceeds from the sale to pay off debt and to increase its capital The Company used the proceeds from the sale to pay off debt and to increase its capital drilling budget for 2011. Owner Relations ESG Contact Discovering Hidden Reserves In South Texas Escondido Resources is a private independent exploration, production and development company focused on developing unconventional gas reserves from the Eagle Ford Shale in South Texas. Based These new technologies dramatically enhance the company's ability to economically increase production and reserves while minimizing the environmental footprint of its operations. "We are the city of choice, this is giving us choice,. Bloomberg Law speaks with prominent attorneys and legal scholars, analyzing major legal issues and cases in the news. Over the same period, natural gas decreased from 77.4% to 28% of the plays production. still owns the rights to the deeper Eagle Ford Shale formation in over MIDLAND, Texas--(BUSINESS WIRE)--Escondido In his current position, he oversees the day-to-day management of Escondidos Land Department and is also responsible for identifying and capitalizing on acquisition, divestiture, and joint venture opportunities for the company. Escondido II is engaged in development of acreage in Webb, LaSalle and McMullen counties in the Eagle Ford Shale and the Olmos and Escondido formations. Weve also widened our presence by accumulating a large acreage position in West Texas where we expect to apply the stimulation techniques weve employed in the Olmos and Escondido formations to the largely overlooked Strawn formation, Deupree said. 61. Escondido Resources II serves customers in the United States. horizontal wells in these reservoirs have far exceeded our expectations. San Antonio, Texas 78248. A searchable database of oil and gas debt and equity offerings. These new technologies enable the company to increase production and reserves while minimizing its environmental impact. Shale. You have 3 free articles remaining. BMW is headquartered in Munich, Germany, but has production facilities all over the globe. Nick later joined WattBridge, coordinating corporate and finance planning for the development and operations of a fast-start, peaker power plants. Green Transpo Expo: The Greater Escondido Chamber of Commerce hosts a advantage of a number of other resources to help the environment. Escondido plans to further develop the area. approximately 60,000 net acres in the shallow Escondido and Olmos He also serves on the Associate Advisory Council for the Kay Bailey Hutchison Energy Center for Business, Law, and Policy at UT-Austin. Escondido II was advised on the sales transactions by Griffis & Associates, LLC and Simmons & Company International, both based in Houston. It allows us Popular Searches Escondido Resources Escondido Resources LP Escondido Resources Ltd Escondido Resources ( Ltd Escondido Revenue $9.9 M Frequent-Flyer Miles Are Hotter Than Cash This Summer, AI in Hollywood Has Gone From Contract Sticking Point to Existential Crisis, US Companies Caught in Diversity Crossfire Are Frozen by Uncertainty, Women Hold a Third of S&P 500 Boards Seats With Gains in June, Cooling Technologys Next Act Could Be Even More Important Than TodaysHeat Pumps, China Issues Highest Rain Alert, Boosts Flood Control Measures, Phoenixs RapidGrowth Magnified Its Vulnerability to Heat, Singaporeans Turn Empty Spaces in Public Housing Into Libraries, Gardens, Moodys to Consider Exiting Londons Canary Wharf in Latest Threat to District, Wall Street Banks Side With Nemesis Elizabeth Warren on Crypto Crackdown, Binance Asks Court to DismissCFTCs CryptoLawsuit. Escondido Resources is a private independent exploration, production and development company focused on developing conventional and unconventional reserves in South Texas. For Escondido Resources II, LLCCasey Nikoloric, 303-320-6242Cell: 26301 Curtiss Wright Pkwy. which was sold for $249.5 million in October 2007. Firefighters also found heavy smoke inside the restaurant and called for additional resources in order to protect neighboring buildings in Desmond touts North County region, says more work needed, Escondido barbecue restaurant damaged by fire in smoker. Reporters from Bloomberg's Washington, D.C. bureau are prominently featured as they offer analysis of policy and legal issues. In addition, the company has recently drilled 11 horizontal wells in the shallow Escondido and Olmos sandstone reservoirs, which have exhibited very encouraging early results. With condo ownership, in addition to the windows and doors, the homeowner is responsible for maintaining and, if necessary, replacing the heating and cooling systems, electrical and plumbing systems, all appliances and any interior items. & Company International, both based in Houston. Phone Number (713) 662-0332. 2023 Hart Energy. He has 7 patents and served as a SPE Distinguished Lecturer in 2017-2018. The properties consist of three distinct blocks of acreage located primarily in La Salle County in South Texas. Company Description: Key Principal: William E Deupree See more contacts Industry: Support Activities for Mining , Mining, Quarrying, and Oil and Gas Extraction , Oil and gas exploration services There is no recent news or activity for this profile. NGI All News Access. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Escondido Resources II, LLC announced today that the company has sold 11,050 net acres in the Eagle Ford Shale for a total consideration of $115.3 million. Will officially joined Escondido in 2018 and previously did work for the company as an independent landman. Escondido has again been ranked one of the Top 100 Private E&P's by Hart Energy and is up 3 spots to No. Our acreage position was put together with the idea of pursuing multiple drilling objectives and our recent results in drilling horizontal wells in these reservoirs have far exceeded our expectations. He brings 37 years of industry experience spanning 22.5 years at Chevron followed by roles as a chief technology officer . Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Zade began his career as a completions engineer at ConocoPhillips working in the Bakken. Escondido's senior management team has been working in the South Texas region since the late 1980s, and the company's strategy is to grow through low-risk exploitation and . Escondido Resources LP. Information on assets, buyers and sellers, deal values, and more. Sign in to get the best natural gas news and data. Kids can learn the names of many different kinds of animals, as well as the descriptive words that illustrate them (e.g. 1826 North Loop 1604 West 2026 Arboles Pl, Escondido CA, is a Single Family home that contains 1625 sq ft and was built in 1981.It contains 3 bedrooms and 2 bathrooms.This home last sold for $990,000 in July 2023. located primarily in La Salle County in South Texas. Commission Midland His experience spans from onshore to deep water and though the full lifecycle; exploration to mature fields and abandonment. Highest Nearby Resources. The future doesnt just happen, we make it. This sale is very strategic for Escondido Resources, said William E. Deupree, President and CEO of Escondido Resources II, LLC. Website. at a senior affordable housing program in Escondido, the supervisor said. Sign In. He has led drilling, completions, and workover engineering groups and operations around the world, to include the US onshore, shelf and deep water, UK, Russia, and the Middle East. 303-507-0510Casey.Nikoloric@Ten10GroupTEN|10 (latest update October 5, previous versions won't work properly anymore) For instructions on how to use the zip file to manually install the extension see here. We also continue to have success in South Texas in the shallower Escondido and Olmos formations and have expanded our presence eastward into the oilier portions of the these two formations in La Salle and McMullen counties.. Escondido has about 60,000 net acres in the shallow Escondido and Olmos formations in Webb, LaSalle and McMullen counties and owns the rights to drill the deeper Eagle Ford formation on more than half of its acreage, the company said. Initial production (IP) from the well exceeded 16 MMcf/d, and it produced more than 400 MMcf of gas in its first 30 days, Escondido said. & Associates, LLC and Simmons Ken also led the implementation of the Deep-Water Horizon Recommendations throughout BP. Follow the topics you want and receive the daily emails. Currently, Escondido is developing its 40,000 gross-acreage position in Webb and LaSalle counties in the prolific Eagle Ford Shale along with the Olmos and Escondido formations utilizing horizontal drilling technologies. The properties consist of three distinct blocks of acreage | 713.659.6130 fax Has Democracy Reached the End of Its History? I love this book. Contact. Play Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile. AK Metals, LLC is the only company located at 1630 Mission Rd, Escondido, CA 92029. You can update your choices at any time in your settings. Escondido Resources is a private independent exploration, production and development company focused on developing conventional and unconventional reserves in South Texas. multiple drilling objectives and our recent results in drilling Escondido Resources is a private exploration, production, and development firm focused on developing unconventional gas reserves. The company intends to continue its drilling of these shallow reservoirs during 2011, as well as drilling additional Eagle Ford shale wells in Webb County. Nick began his career developing deep water subsea fields in the Gulf of Mexico with Shell. About Escondido Resources II, LLC With headquarters in Midland, Texas, and satellite offices in Houston, San Antonio and Kingwood, Texas, privately held Escondido Resources II, LLC is focused on the development of conventional and unconventional reserves in South Texas. Railroad Jacki earned a Master of Business Administration and Bachelor of Science from Southwestern Assemblies of God University with majors in Business and Accounting and a Bachelor of Business Administration from the University of Houston Victoria with a major in Finance. Escondido has about 60,000 net acres in the shallow Escondido and Olmos formations in Webb, LaSalle and McMullen counties and owns the rights to drill the deeper Eagle Ford formation on more. Nick holds a Finance MBA from Rice University and a Bachelor of Science in Petroleum Engineering from The University of Texas at Austin. 1560 Auto Park Way. 9651 Katy Fwy Escondido II is Wilcox, Escondido, Olmos and Eagle Ford formations. Morning Report Morning Report: An Escondido Senior Care Charity Sold Its Assets. The company intends to continue its Description Operator of an exploration, production and development company in South Texas. Contact 19297 S. I-35 Phone 713-662-0332 Headquarters: 2002 W Grand Parkway N, Ste 205 LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and to show you relevant ads (including professional and job ads) on and off LinkedIn. Data additional Eagle Ford shale wells in Webb County. Meanwhile, former Petrohawk executives are pursuing liquids-rich shale targets with Halcon Resources Corp. (see Shale Daily, Aug. 23). The transactions closed in . The companys first operated Eagle Ford well in Webb County has already Visit Website. 2023 Natural Gas Intelligence. Escondido Resources operates as an exploration, production, and development company. Escondido Resources LP operates as an oil and gas exploration company. Escondido has also acquired 40,000 gross acres in Webb, La Salle and McMullen counties. LLC is focused on the development of conventional and unconventional produced in excess of 1 billion cubic feet of natural gas in its first Sixth Floor After acquiring his MBA, he transitioned into onshore acquisitions and divestitures with Wells Fargos investment banking team where he covered every major basin in the lower 48. Previously, Jacki served as Director of Accounting for CAMS, LLC E&P group, managing full-cycle accounting for multiple private equity clients. The Hawkville Field was pioneered by Petrohawk Energy Corp. (see Shale Daily, Aug. 18, 2011). Email this Business. NatGas Conference Call Schedule. Business Description . The well is the third successful horizontal oil well the company has drilled in the prolific AWP Field and was completed with 13 frack stages over a 6,667-foot lateral. Group. Its exciting to drill a big well in the Eagle Ford Shale like the Spohn Ranch 1H, said Escondido CEO William E Deupree. closed in December 2010. Escondido Resources is an exploration and development firm that focuses on developing conventional and unconventional natural gas reserves in Texas. The show examines all aspects of the legal profession, from intellectual property to criminal law, from bankruptcy to securities law, drawing on the deep research tools of BloombergLaw.com and BloombergBNA.com. Escondido Resources II LLC as successor to Escondido Resources, L.P., Visit our FAQ's page and read our industry expertise blogs for advice and guidance.
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