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Last $2.45 USD
Change Today -0.03 / -1.21%
Volume 345.4K
EROC On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1415 Louisiana Street

Suite 2700

Houston, TX 77002

United States

Phone: 281-408-1200

Fax:

Eagle Rock Energy Partners, L.P. engages in developing and producing oil and natural gas properties. The company’s interests include operated and non-operated wells located in four oil and gas producing regions, such as Mid-Continent (which includes areas in Oklahoma, Arkansas, and the Texas Panhandle); Alabama (which includes one treating facility and one natural gas processing plant and related gathering system); Permian (which includes areas in west Texas); and east Texas/south Texas/Mississippi. As of December 31, 2014, the company’s working interest properties included 561 gross operated productive wells and 1,217 gross non-operated wells with net production of approximately 73.5 million cubic feet of natural gas equivalent per day and proved reserves of approximately 169.1 billion cubic feet of natural gas, 11.0 million barrels of crude oil, and 13.8 million barrels of natural gas liquids, of which 78.5% were proved developed. The company’s general partner is Eagle Rock Energy GP, L.P. and the general partner of Eagle Rock Energy GP, L.P., Eagle Rock Energy G&P, LLC, both wholly-owned subsidiaries of the company. Producing Properties Mid-Continent Region The Mid-Continent region consists of operated and non-operated properties in the Golden Trend field, Cana (Woodford) shale play, Verden field, and other fields located in the Anadarko Basin of western Oklahoma; the Mansfield field and other fields in the Arkoma Basin of Arkansas and Oklahoma; and various fields in the Texas Panhandle. The company’s major producing field in the region is the Golden Trend field, which extends across Grady, McClain, and Garvin counties in Oklahoma. Majority of its production is from the Bromide formation and the ‘Big Four’ interval consisting of the Viola, Hunton, Woodford, and Sycamore formations. The company drills through all these formations and performs multi-stage fracture stimulation completions in the Bromides and ‘Big Four’ interval. The company has an ownership position in the expanding Cana (Woodford) shale, Springer shale and Southeast Cana shale plays in western Oklahoma. The company has approximately 22,846 net acres in these plays extending across Canadian, Blaine, Dewey, Grady, Garvin, McClain, and Stephens counties in Oklahoma. The Cana and Southeast Cana Shale produce from horizontal wells drilled to vertical depths of 11,000 to 16,000 feet and extended with horizontal lateral lengths of approximately 5,000 to 10,000 feet. In the Mid-Continent region, the company operates 307 productive wells and owns a working interest in an additional 1,059 non-operated productive wells. Majority of the non-operated production comes from the properties within the Cana Shale and Southeast Cana shale plays, Verden field, and various other fields located in the Arkoma and Anadarko Basin. The majority of the interests in the Cana shale and Southeast Cana shale plays are operated by large upstream companies. Alabama Region The Alabama region includes the Big Escambia Creek, Flomaton and Fanny Church fields located in Escambia County, Alabama. These fields produce from either the Smackover or Norphlet formations at depths ranging from approximately 15,000 to 16,000 feet. The Big Escambia Creek field includes approximately 10,278 gross (7,687 net) Eagle Rock operated acres. The company operates 16 productive wells with an average ownership of 75% working interest and 62% net revenue interest in the Big Escambia Creek field. The Fanny Church field is located 2 miles east of Big Escambia Creek. The company’s ownership includes approximately 1,123 gross (839 net) operated acres that include three productive operated wells with an ownership of 80% working interest and 62% net revenue interest. The Flomaton field is adjacent to and partially underlies the Big Escambia Creek field. The field includes approximately 2,570 gross (2,215 net) acres and produces from the Norphlet formation at depths from approximately 15,000 to 16,000 feet. The company participates in one non-operated well with a 30% working interest and a 26% net revenue interest. In addition to selling condensate, natural gas, and natural gas l

 

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