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Eagle Ford / Cotton Valley Operator Files $700 Million IPO

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Eagle Ford / Cotton Valley Operator Files $700 Million IPO

On November 11, 2016, private equity backed WildHorse Resource Development Corporation filed a Form S-1, initiating a public offer of its common stock. With this offering, WildHorse hopes to raise $650 million to put toward recent acquisitions and its drilling program, expecting to add four rigs in 2017. 

Summary

375,000 net total acres, with 267,000 net acres in the Eagle Ford and 108,000 net acres in North Louisiana  4,391 gross (2,298 net) drilling locations Operating 1 rig in Eagle Ford and 1 in North Louisiana with plans in 2017 to add 4 in the Eagle Ford and 2 in North Louisiana Production for the nine months ended September 30, 2016 was 5,114.9 MBoe and 18.7 MBoe/d

Acreage

As of September 30, 3016, WildHorse amassed a total leasehold position of approximately 375,000 net total…

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