We hold approximately 188,000 net effective acres in the Haynesville Basin located in Northwest Louisiana where we have exposure to two substantial pay zones: the Haynesville and Mid-Bossier. Both are among the highest-quality, highest-return, dry-gas shales in North America and they share highly analogous properties: over-pressured reservoir, consistent geology, high-porosity, permeability and thickness, all of which underpin predictable and industry-leading well performance.
Our value proposition is straightforward: we are entirely focused on developing our vast natural gas resource from the prolific Haynesville Basin. One product. One Basin. Why is this important? We believe profoundly in the future of natural gas and we can streamline our efforts to maximize the value of the company without the distractions imposed by a complex operational structure.
At Vine we believe passion, discipline and determination are the tenets that build long-term value. Of tantamount importance is the phrase coined by CEO Eric Marsh in 2014, which became Vine's identity and purpose: We Do One Thing and We Do It Well.