Energy & Exploration Preparing to Go Public with Eagle Ford & Woodbine Acreage

Also acquiring 57,275 acres from CHK for $125 million in the Eagle Ford & Woodbine
Eaglebine Formation

Eaglebine Map – Amelia Resources | Click to Enlarge

Energy & Exploration is preparing for a potential $275 million public offering of shares. The company has more than 43,000 acres in Texas and Colorado and has agreed to acquire ~57,000 acres in the Eagle Ford and Woodbine from Chesapeake for $125 million. It was not disclosed if there was production associated with the acquisition. If not, the company is paying a little more than $2,000 per acre.

Energy & Exploration’s founder has a history in land work and the company decided to step into operating at the beginning of 2012.

Hunt Pettit, 42, an entrepreneur and land man who was an early mover in the Eagle Ford Shale, now works at the helm of Fort Worth, Texas-based Energy & Exploration Partners Inc.

The company will trade on the NYSE under the symbol ENXP. Read more about the company’s SEC filing at

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R.T. Dukes

R.T. Dukes

Managing Editor at
R.T. is the managing editor of In prior roles, he advised major oil companies on strategy, the macro business environment, and opportunity screening. 2503 Robinhood, Houston, TX, 77005, U.S.A. | Telephone: 832.429.4790


  1. Chaz Martindale says:

    $2,000 an acre seems pretty cheap, any idea what part and depth of the play it is located ?

    • R.T. Dukes RT Dukes says:

      Mr. Martindale, There have been a few good wells in the Eaglebine target area, but not enough to deem the whole play a success. There’s still a lot of risk and I believe you’re seeing that reflected here.

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