Generating Free Cash Flow in the Eagle Ford. A Moneymaker Forum talk given by Marty Thalken, Protégé Energy III in Oklahoma City, Oklahoma on 4 April, 2019.
This presentation tells the story of Protégé’s entry into the Eagle Ford shale. Protégé began to focus its growth efforts on the Eagle Ford shale in late 2015 and acquired its initial asset position in September 2016. After comprehensive geotechnical study, including obtaining whole core and developing 3D models of existing wellbores, Protégé began a “testing of concepts” development plan. New concepts for these fields included aggressive completion optimization, a stack-stagger development in the Lower Eagle Ford, single bench tests of the Upper Eagle Ford, adding the Austin Chalk as a target, and current study of miscible gas injection EOR. All of this work and bolt-on acquisitions has resulted in over a 100% increase in production with very attractive well economics and free cash flow generation in 2019 and beyond.