[Context: On November 10, Natural Gas Partners (NGP)-backed WildHorse Development filed an S-1 to go public with a jumbo $650m placeholder and a slew of underwriters. The company has assets in North Louisiana and the Eagle Ford. Below is a summary of the company taken from securities filings. The company disclosed acquiring 158,000 net acres in Southeast Texas from Clayton Williams for $400m in October 2016.]
WildHorse Resource Development Corporation
9805 Katy Freeway, Suite 400
Houston, TX 77024
Barclays || BofA Merrill Lynch || BMO Capital Markets
Citigroup || Wells Fargo Securities
Guggenheim Securities || J.P. Morgan || Raymond James
Simmons & Company International || Tudor, Pickering, Holt & Co.
Capital One Securities || Comerica Securities || Scotia Howard Weil || Wunderlich
WildHorse Development (Source: S-1 filing)
We are a growth-oriented, independent oil and natural gas company focused on the acquisition, exploitation, development and production of oil, natural gas and NGL resources. Our assets are characterized by concentrated acreage positions in Southeast Texas and North Louisiana with multiple producing stratigraphic horizons, or stacked pay zones, and attractive single-well rates of return. In Southeast Texas, we operate in Burleson, Lee and Washington Counties where we primarily target the Eagle Ford Shale (our “Eagle Ford Acreage”), which is one of the most active shale trends in North America. In North Louisiana, we operate in and around the highly prolific Terryville Complex, where we primarily target the overpressured Cotton Valley play (our “North Louisiana Acreage”).