Who Is Escondido Resources
Our firm is led by a unique blend of energy professionals with complementary backgrounds and skillsets who collectively have more than 150 years of experience in the industry.
We have a distinctive approach that combines a technical foundation with operational execution, all the while, viewing the solution through a value-driven approach.
Who We Are
Escondido Resources is a private independent exploration, production, and development company focused on developing unconventional reserves in South Texas. Escondido’s management team has combined over 150 years of experience in the industry with significant work in South Texas, and the company’s strategy is to grow through low-risk exploitation of its existing properties and acreage. Currently, Escondido is developing its 40,000 gross-acreage position in Webb and La Salle counties in the prolific Eagle Ford Shale, along with the Escondido, Austin Chalk, and Olmos formations utilizing horizontal drilling technologies. These new technologies dramatically enhance the company’s ability to economically increase production and reserves while minimizing the environmental footprint of its operations.
Our predecessor company, Escondido Resources, LP, was founded in late 2004. Over the ensuing three years, the company drilled 163 vertical wells targeting the Escondido and Olmos formations with a 95% success rate. In October 2007, Escondido Resources LP sold its assets to Swift Energy for $249.5 million.
Escondido Resources II was formed in November 2007 to continue to exploit the shallow Escondido and Olmos formations it had successfully developed in Escondido I. However, the discovery of the Eagle Ford Shale in 2008 added new focus to the company’s existing acreage position and allowed for a new, prolific formation to be targeted in the company’s drilling and completion activities. Escondido drilled and completed its first horizontal Eagle Ford Shale well in December 2009, a 5,600-foot lateral well with 19 fracture stages, and we have now drilled over 150 horizontal wells in Webb, La Salle, and McMullen counties of South Texas. 40% of these horizontal wells are Eagle Ford Shale wells, and 60% are Escondido/Olmos completions, with lateral lengths now averaging approximately 10,000 feet. The company’s current focus is on developing its proven Eagle Ford Shale acreage within the company’s operating cash flow.
The recent revitalization of the Austin Chalk in Webb County has provided additional opportunities on Escondido’s acreage, and the company successfully drilled and completed its first well in that formation in 2022.