Silverback Exploration is a private, independent oil and gas exploration and production company based in San Antonio. The company is currently seeking compelling leasing and drilling opportunities in both conventional and unconventional resources plays across the nation.
The Silverback team has a high level of expertise in horizontal drilling, with an extensive understanding of operational efficiencies and the latest technologies. The company recently successfully developed and sold assets in Reeves County to Centennial Resource Development for four times return on its investment. The assets included:
- Approximately 35,000 net acres in Reeves County
- Approximately 3,500 Boe/d of current net production
- At least 600 horizontal drilling locations assuming 880’ spacing prospective for the Upper Wolfcamp A (~210 locations), Lower Wolfcamp A (~180 locations) and Wolfcamp B (~220 locations)
- Estimated undeveloped resource potential of over 600 MMBoe from the Wolfcamp A and Wolfcamp B formations with additional upside potential from the Wolfcamp C, Avalon and Bone Spring formations