DeWitt County, Texas FY 2015 Budget Presentation
Eagle Ford Shale • Eagle Ford Shale continues to be a game changer for DeWitt County • 125 RRC well permits in 2010 • 515 RRC well permits issued in 2013 • 363 wells completed (during last Texas FY) • 500 permits are likely in 2014
Development continues
Tax Base Comparison: Mineral Values 2011 2014 Percentage of taxes paid Percentage of taxes paid Real Real Property Property Age 65 Age 65 55% Frozen Frozen 90% Property Property Mineral Mineral Values Values • $90 of every $100 in property taxes to be paid by oil and gas interests based on 2014 tax roll • $1.92 of every $100 will be collected from the Over 65 and Disabled homesteads FY 2015 Budget Presentation
Typical Decline Curve of Shale Wells Estimated Ultimate Recovery is > 80% in first 5 years of EFS well FY 2014 Budget Hearing Presentation 08/20/2013
2011 Top 10 Producing Wells 72% value decline in four years of operation $30 Millions $204,453,070 $121,141,970 $57,891,984 Total for 10 Hyatt A Unitized (2013) Total for 10 Total for Seven $25 $8,270,283 average value in 2014 Maraldo A403 #1 Ressman 01H ceased production. Hyatt A, Oliver B, Muir A are unitized Oliver B Unitized (2013) $20 Lanik B W1H $15 Muir A Unit (2013) Oliver Unit 1 W1 $10 No data Krause B #1 available $5 for 2013 Ressman 01H (plugged) Hamilton TR A405 #1 $0 Metting Nuetzler 01H Taxable Taxable Taxable Taxable Value 2011 Value 2012 Value 2013 Value 2014 EFS wells expected to produce 80-90% of EUR in the first 5 years 2/2/2016 FY2015 Budget Presentation
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