Exaro Energy III LLC is a privately held Delaware Limited Liability Company headquartered in Houston with a technical office in Denver. We acquire and develop oil and gas properties primarily in Texas and the Rocky Mountain region.
Exaro has re-invented six major oil and gas fields in Texas' Frio / Vicksburg trend since 2003. Developing over 100 bcfe through the drilling of more than 100 wells, which proved reserves in excess of 250 bcfe net to the company.
Exaro is currently in a strategic joint venture with Encana to further develop the Jonah field in Wyoming. This $380 mm development project will be focused on the deployment of leading edge technologies with over 350 well locations to exploit. Exaro forecasts that it will develop and prove up over 500 bcfe of net reserves within this asset.
Exaro is a proven low cost operator with performance metrics that ensure attractive economics in a low commodity pricing environment. Delivering an F&D cost of < $1.00/mcfe including land, infrastructure, and seismic expenditures. Exaro's LOE costs have historically ranged between $0.30 - 1.05/mcfe depending on the artificial lift technologies deployed.