WildFire Energy has announced the acquisition of approximately 377,000 net acres and approximately 1,350 wells in the Brazos Valley region of its Eagle Ford asset from Chesapeake Energy Corporation. With the acquisition, WildFire ­­will operate approximately 2,000 gross wells on approximately 600,000 net acres in the eastern Eagle Ford encompassing Burleson, Brazos, Robertson, Madison, Lee, Washington, and Grimes counties of Texas.

The acquired Brazos Valley acreage had an average net daily production of approximately 27,700 barrels of oil equivalent (boe) (85% liquid) during the third quarter of 2022. As of December 31, 2021, net proved reserves associated with these properties were approximately 96.8 million barrels of oil equivalent (mmboe).

The acquisition follows WildFire's acquisition of MD America Energy ("MDAE") in March 2022 and the acquisition of Hawkwood Energy, which began the process of consolidating the basin in August 2021.

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