Craig Jarchow, president and CEO of Castleton Resources LLC, speaks to attendees at the recent DUG Haynesville conference in Shreveport, La. Source: Hart Energy
.—“The biggest East Texas producer you’ve never heard of” has some top-tier private partners that will help it achieve success, according to its president and CEO.
Craig Jarchow with Houston-based Castleton Resources LLC told attendees at Hart Energy’s first DUG Haynesville conference Feb. 21 his firm enjoys “upside that we didn’t pay for” on its East Texas acreage—as well as the ready capital to exploit the resource.
Currently, Castleton produces 253 million cubic feet of gas equivalent per day—72% natural gas—from 2,700 gross wells on 163,000 net acres. Proved reserves at year-end 2017 were 1.5 trillion cubic feet equivalent. The company also has a significant in-house midstream operation with 786 miles of high- and low-pressure gathering pipelines, as well as water handling and gas condensate assets.