The South Texas Eagle Ford Shale play extends from the Rio Grande to College Station with three distinct oil, condensate, and dry gas trends. Industry participants have undertaken a variety of land and financial transactions to facilitate the demanding business development and capital requirements of the play. Tonight’s companies have employed a mixture of these tools in aggregating their substantial asset bases. How are these progressing? What were the challenges overcome to “close the deal”. Were the strategic goals of each side met? What are the post-close development plans for each company? What are the primary operational challenges impacting each? What are the drivers of drilling and completion costs and efficiencies? What efforts have been undertaken to control and reduce costs over the short/long term? Has vertical integration in drilling and completion been a factor? Long term commitments? Are there product delivery constraints? How are they being addressed? Issues regarding water use and disposal? Are Texas wildfires an ongoing threat?