ETX Energy is focusing its East Texas drilling plan on the Eagle Ford Shale. After restarting the horizontal Buda drilling program in 2017, ETX Energy closed a deal with Marlin Resources in June 2018 picking up additional acreage in Grimes, Brazos, and Burleson counties. Coupled with recent bolt-ons in Q3 2018, ETX is now primed for its Eagle Ford drilling program, which began in August 2018. ETX Energy expects great results from the new drilling campaign which is essentially adjacent to other major industry players. ETX now has a substantial Eagle Ford inventory.
The Company has expertise in drilling and producing both horizontal and vertical wells with production co-mingled from multiple zones. The opportunities on the company’s acreage in the stacked pay Buda, Georgetown, Edwards and Glen Rose formations (the “Buda-Rose”) as well as the Eagle Ford Shale are enormous. ETX has over 554 square miles of 3D covering its acreage. The company is focused on its substantial Eagle Ford inventory and also has a substantial long term inventory of Buda, Georgetown, Edwards, and Glen Rose locations.s