Firebird Energy

Website

Address

4880 Boat Club Rd Ste 13

Fort Worth, TX, 76135-7030

United States

Phone

(817) 857-7800

Company Description

FireBird Energy LLC is a Fort Worth, Texas based upstream oil and gas company focused on the acquisition and responsible development of assets in the Midland Basin. With a strong long-term commitment from its ownership and an innovative and experienced management team in place in both its Fort Worth and Midland offices, FireBird is well positioned to aggressively target and execute on further strategic acquisition opportunities and to develop its properties in a fiscally and socially responsible manner for the benefit of all of its stakeholders. FireBird made a significant acquisition of producing properties in the western Midland Basin at the time of its founding and presently operates over 450 vertical and horizontal wells in the Basin

Operations

Midland basin focus has been on the Spraberry and Wolfcamp formations.

The Midland Basin encompasses a 13,000 square mile area of West Texas. It contains all or parts of 20 counties in West Texas, ranging from Terry and Lynn on the north to Crockett and Schleicher on the south. Much of the tight oil development in the Midland Basin has occurred in the center of the basin, primarily in Martin, Midland, Upton, Howard, Glasscock, and Reagan counties at depths of 7,000 feet (ft) to 10,000 ft

Spraberry Trend covers a large area – around 2,500 square miles. As most often defined, the Spraberry includes portions of Irion, Reagan, Upton, Glasscock, Midland, and Martin Counties. In 2007, the U.S. Department of Energy ranked The Spraberry Trend third in the United States by total proved reserves, and seventh in total production. Estimates have the Spraberry Shale holding up to 10 billion barrels of oil as well as 3 trillion cubic feet of natural gas. Global Hunter estimates the play’s potential recovery resources range from 4.2 to 8.8 billion BOE