Hibernia Resources III

Website


Address

5599 San Felipe, Suite 1200
Houston, TX 77056


Phone

(713) 728-7911


Company Description

Hibernia Resources III, LLC is an acquisition and development company focused on the exploration, growth and production of oil and natural gas assets. Hibernia Energy III LLC, Houston, has received equity commitments of $250 million from NGP through NGP Natural Resources XII LP and will acquire and develop unconventional oil and gas properties in Texas.


Operations

Hibernia Resources III operates in the Permian Basin, which spans western Texas and eastern New Mexico, represents the most prolific hydrocarbon production region in the United States. They accounted for about 30% of U.S. crude oil production and 14% of U.S. natural gas production (measured as gross withdrawals) in 2020. Technology innovations, such as longer lateral wells and multi-well pad drilling, has helped reduce costs and increase productivity in developing oil and natural gas resources in the Permian Basin.

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

Upton County, TX ranks #8 in the state for BOE produced in the most recent month (Feb 2022). The information below is the summary of oil and gas data that goes back to 1993 and contains information on the 12,440 wells that have been drilled from Jan 1993 to Feb 2022.

Reagan County, TX ranks #10 in the state for BOE produced in the most recent month (Feb 2022). The information below is the summary of oil and gas data that goes back to 1993 and contains information on the 10,857 wells that have been drilled from Jan 1993 to Feb 2022.


Permit Download Center

Hibernia Resources III Wells Drilled

Hibernia Resources III Texas Air Permits

Hibernia Resources III Well Permit Summary


Hibernia Resources III Operations Map

Oil & Gas Permit Reports

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