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VOC, Hawkwood Energy Join Forces for Eaglebine Development

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VOC, Hawkwood Energy Join Forces for Eaglebine Development

VOC Energy Trust has entered into a joint venture with Hawkwood Energy East Texas LLC.

The JV will focus on developing the lower EagleBine interval, also referred to as the Lower Woodbine Organic Shale (LWOS), within the south half of the Kurten Woodbine Unit. Activity pursuant to the terms of the joint venture would recommence the horizontal LWOS drilling development program that VOC Brazos previously reported to the Trustee in December 2014.

Hawkwood Energy may carry VOC Brazos for its share of drilling and completion costs for up to four LWOS wells, with the first Earning Well to be spud by December 31, 2017 and the fourth Earning Well to be spud by January 1, 2019. In exchange, Hawkwood Energy would earn a working interest representing 50% of VOC Brazos’ interest in each Earning Well…

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