Energy Hunter Resources Inc., Dallas, has appointed H.C. Ferguson as executive vice-president of exploration and development, Brian G. Burgher as senior vice-president of land, and Jason Wilson as manager of geology. The three veterans of Magnum Hunter Resources Corp.’s Eagle Ford shale operations will be based in Energy Hunter’s recently opened divisional office in Houston.
Ferguson has worked for 28 years in the oil and gas industry with responsibilities including business development, natural gas management, asset acquisition and divestiture, project planning, capex and budget analysis, and hydrocarbon reserves management.
He served as executive vice-president of Magnum Hunter during 2009-16 and was president of the company’s Eagle Ford division during 2011-13 before the asset was sold.
Burgher brings more than 30 years of oil and gas experience with emphasis on leases, land, and legal areas. Burgher served as senior vice-president of land for Magnum Hunter and was the land manager for the Eagle Ford asset, which was assembled, developed, and sold under his leadership.
He further oversaw the acquisition and divestiture of, and due diligence on, more than $1 billion-worth of leases and wells during his tenure at Magnum Hunter. Burgher also has been an independent producer and mineral and royalty owner, and has worked as a field landman, field broker, in-house landman, and land manager.
Wilson has more than 20 years of experience in geology and operations. During 2009-13, he was a member of the Magnum Hunter’s operations team that executed the grassroots development of its Eagle Ford acreage.
Energy Hunter’s emergence
The newly formed Energy Hunter is led by former Magnum Hunter Chairman and Chief Executive Officer Gary Evans.
The firm in July acquired two separate lease blocks totaling 500 net acres in the heart of the Eagle Ford along the Karnes Condensate Trend in Karnes County, Tex. The total acreage position is prospective for both the lower and upper Eagle Ford as well as the Austin Chalk formation, the firm says.
There are no drilling commitments on the acreage until 2017. Energy Hunter owns 87.5% of the working interest in the properties and will be the operator of record on all new wells drilled.
The firm believes 14 wells can be drilled in the lower Eagle Ford formation between the two prospects, along with an additional 10 wells in the upper Eagle Ford formation for a total of 24 wells, excluding the Austin Chalk formation and potential drilling sites therein.
Combined total recoverable reserves are estimated at 16 million boe.
Energy Hunter said this week that it has agreed to acquire mineral rights under 320 gross acres in the Howard County, Tex., portion of the Midland basin. The firm estimates that a total of nine wells can be drilled on the acreage. An active drilling program is under way.
The firm says the Lower Spraberry and Wolfcamp A are horizontal targets in the offset wells, with potential horizontal development also existing in the Wolfcamp B and Wolfcamp C benches.