Newark E&P is an independent Texas operator focused on developing domestic onshore oil and natural gas reserves in unconventional resource plays. Our current activities are concentrated in the Fort Worth Basin and Bend Arch areas of North Texas. 

 

 

Marble Falls Oil Play

Newark holds more than 100,000 net acres, predominantly in the core of the Marble Falls play, and has owned and operated >200 Marble Falls wells. The company’s Marble Falls assets include more than 500 derisked core area development locations at well-established 80-acre vertical well spacing. Newark also operates 7 centralized saltwater disposal wells and gathering infrastructure for our Marble Falls program.

 

Unlike in many resource plays, Newark's Marble Falls wells exhibit production trends with relatively shallow and stable declines, which togehter with low drilling and completion costs, generate very high IRRs for our wells in the core area.  Key factors leading to the economic success of our wells include geologically high-graded assets, a highly evolved completion design, centralized water disposal systems, diligence in optimizing operations and production, low drilling and completion costs relative to comparable plays in other basins, proximity to markets, and a culturally favorable operating environment.

 

 

Barnett Shale

Western Liquids-rich Gas Play

The Newark team has been involved in the Barnett Shale since the early 2000s and has operated hundreds of Barnett Shale wells in all areas of the play. Our current operations are concentrated in the Western liquids-rich part of the play located in Jack, Palo Pinto, Parker, and Wise Counties, TX. This well-established area of the Barnett Shale has proven economics driven by high-BTU gas production and low-cost operations.