Website
Address
55 Waugh Drive
Suite 400
Houston, Texas 77007
Phone
(713) 337-9300
Company Description
Verdun was started by Tim Nein the President and CEO has 21 years of experience in the oil and gas industry. Prior to forming Verdun, Mr. Nein was employed by Hilcorp Energy Company and served as the Area Manager (ATL) for the Northeast U.S. Region and was responsible for developing the Utica Shale with a gross operated budget of over $300 million for both 2014 and 2015.
Verdun is among the largest private producers left in South Texas, with more than 285,000 net leasehold acres and 90,000 net boe/d across the Eagle Ford Shale trend and the Giddings Field.
Verdun Oil Company has drilled 29 wells in 2024 with 2 drilling rigs.
Operations
La Salle County, TX ranks #14 in the state for BOE produced in the most recent month (Jun 2022).
McMullen County, TX ranks #24 in the state for BOE produced in the most recent month (Jun 2022).
DeWitt County, TX ranks #14 in the state for BOE produced in the most recent month (Jan 2022).
Crockett County, TX ranks #37 in the state for BOE produced in the most recent month (Aug 2023).
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Verdun Oil Company LLC News
January 20, 2020
Verdun Oil Company’s production surpassed the 34,000 net boepd mark, which represents an annual growth rate > 50% above the mark set 12 months prior.
January 1, 2020
Verdun Oil Company completed its 1st, 2nd, and 3rd water gathering systems with over 15 miles of combined pipeline length designed to handle all of the Company’s produced water plus that from offset operators in need of cheap, environmentally-friendly solutions. These projects demonstrate Verdun’s commitment to pursue efficient (clean) projects that also provide low-risk returns on capital employed.
February 15, 2019
Verdun Oil Company eclipsed the 20,000 net boepd milestone, while building an inventory of 16 DUC’s (and counting) that are expected to come on line between March and June of 2019.
April 3, 2018
Verdun Oil Company today closed on a contiguous block of 6,318 gross / 5,460 net acres and 850 net boepd located in Karnes and Live Oak Counties. This acquisition brings with it 22 producing wells, 2 state-of-the-art central facilities, a complete field gathering system, and 71 future greenfield drilling locations.
The company now operates more than 160 horizontal wells and produces in excess of 12,000 net boepd.
March 29, 2018
Verdun Oil Company announced the signing of a Purchase and Sale Agreement (PSA) with a private company to acquire additional HBP assets located in the matrix porosity trend of the greater Giddings Austin Chalk field. This acquisition increases Verdun’s Austin Chalk position to 55,000 net acres and complements the company’s strategy of coring up contiguous blocks of high-quality acreage allowing for efficient, long horizontal length development.
March 9, 2018
Verdun Oil Company today closed on 2210 net acres (81% NRI) of non-producing leasehold located in the oil window of McMullen County. This acquisition gives the Company 27 efficient greenfield locations allowing for an average horizontal length of 8050 ft.
September 10, 2017
Verdun Oil Company today closed on 2700 net acres and 1250 net boepd in Live Oak County, immediately adjacent to existing Verdun leasehold and production. Verdun now operates 130 wells with more than 55,000 net acres of leasehold in the Eagle Ford and Austin Chalk trends.
July 31, 2017
Verdun Oil Company today announced that it has signed a Purchase and Sale Agreement (PSA) to acquire an additional assets within the Eagle Ford trend. This transaction is set to close on October 1, 2017 and will increase the Company’s acreage position in the Eagle Ford and Austin Chalk trends to over 45,000 net acres.
June 11, 2017
The Company has TD’d its 12th Eagle Ford well at a measured depth of 21,500 ft and a true vertical depth of 12,200 ft, further demonstrating its ability to efficiently drill and complete long laterals and maximize the recovery of reserves under lease. To date, the Company’s drilling program has delivered an average lateral length of 9,000 ft, with the longest coming in at 11,000 ft.
Verdun expects to have completed and turned in line a total of 17 wells by September 2017.
June 1, 2017
Verdun Oil Company today announced that it completed its third asset acquisition consisting of 1,900 net acres and 600 net boepd in DeWitt and Gonzales Counties. This acquisition illustrates the Company’s ongoing commitment to acquire and develop the highest quality acreage in the Eagle Ford Trend.
October 17, 2016
Verdun Oil Company spud its first two Eagle Ford wells, each with an anticipated lateral length of over 9500 ft, on properties purchased just three days earlier. The company plans to complete the wells with its proprietary “artillery frac” immediately upon conclusion of drilling operations.
October 14, 2016:
Verdun Oil Company today announced that it completed the acquisition of over 11,000 net acres and 2,000 boepd from an undisclosed party, increasing its acreage position in South Texas to approximately 15,000 net acres.
December 29, 2015
Verdun Oil Company LLC (“Verdun”) has been formed with a $250 million equity commitment from management and EnCap Investments, L.P. Verdun will focus on acquiring existing oil production and developing new plays in the Mid-continent and Gulf Coast regions.
Verdun is led by Tim Nein and managed by a team of experienced professionals with more than $10 billion in transaction experience. The team has also drilled and operated in excess of 1,600 horizontal wells across the Gulf Coast (Eagle Ford), Permian Basin, Appalachian, and Denver-Julesburg Basins.
