Eagle Ford Shale

Penn Virginia Adds To Eagle Ford Shale Position

Penn Virginia (PVA) has purchased an additional 4,100 net acres prospective for the Eagle Ford Shale in Texas.  The company will pay $10 million for 3,200 net acres in Gonzales County and 895 net acres in Lavaca County. 

Penn Virginia said that the joint venture partners involved with the company will receive their share of the acquired acreage, leaving 3,000 net acres for the company and increasing its total Eagle Ford Shale position to 30,000 net acres.

Crimson Exploration Reports Eagle Ford Shale Well

Crimson Exploration (CXPO) reported the completion of an Eagle Ford Shale well on its acreage in Zavala County, Texas. 

The KM Ranch #2H well produced at a gross initial rate of 511 barrels of oil equivalent (BOE) per day, with 457 barrel of oil and 326,000 cubic feet of natural gas per day.  This Eagle Ford Shale well was drilled and completed with a 5,250 foot lateral and a 16 stage hydraulic fracturing operation.

Crimson Exploration has 6,550 net acres prospective for the Eagle Ford Shale in Zavala and Dimmit counties in Texas. The company plans to use 7,000 foot laterals on future Eagle Ford Shale wells here.

EOG Resources Reports Monster Eagle Ford Shale Well In Gonzales County

EOG Resources (EOG) reported one of the most productive wells ever drilled into the Eagle Ford Shale in Texas.

The Boothe Unit #10H well had initial production of 4,820 barrels of oil per day, along with 972 barrels of natural gas liquids and 4.5 million cubic feet of natural gas per day.  The Boothe Unit #10H was drilled in Gonzales County, Texas.

Other Eagle Ford Shale wells reported by EOG Resources during the second quarter of 2012 include:

Boothe Unit #9H – 3,708 barrel of oil, 527 barrel of natural gas liquids and 2.4 million cubic feet of natural gas per day.

Dreyer Unit #19H - 3,703 barrel of oil, 460 barrel of natural gas liquids and 2.1 million cubic feet of natural gas per day.

Dreyer Unit #20H – 2,650 barrel of oil, 300 barrel of natural gas liquids and 1.4 million cubic feet of natural gas per day.