Eagle Ford Shale

Forest Oil Reports On Eagle Ford Shale Operations

Forest Oil (FST) completed five horizontal wells into the Eagle Ford Shale in the third quarter of 2011, and reported an average twenty four initial production rate of 481 barrels of oil equivalent (BOE) per day on these wells.

Forest Oil drilled one of these wells into the uppermost section of the Eagle Ford Shale and used a different hydraulic fracturing technique that involved smaller and less expensive fracturing stages. This well had a twenty four hour production rate of 951 BOE per day and 552 BOE per day during the first 21 days of production.

Forest Oil has four other wells drilled into the uppermost portion of the Eagle Ford Shale and plans to use the same completion technique on these wells.

Forest Oil is drilling vertical wells to conduct micro seismic monitoring of its acreage in the Eagle Ford Shale.  The company expects to use these vertical wells to provide water for future horizontal completions.

PetroQuest Energy Reports Two Eagle Ford Shale Completions

PetroQuest Energy (PQ) issued an operations update for the third quarter of 2011and disclosed additional information on the company’s activity in the Eagle Ford Shale.  The company reported the production results of two operated wells recently completed to this formation.

The two wells had twenty four maximum gross daily production rates of 363 and 543 barrels of oil equivalent (BOE) per day.  These Eagle Ford Shale wells are located in LaSalle County, Texas, and were the company’s second and third operated wells into the Eagle Ford Shale.

PetroQuest Energy also participated in two non-operated wells during the third quarter of 2011 and said that these wells were currently flowing back.

Newfield Exploration Issues Eagle Ford Shale Operational Update For The Third Quarter of 2011

Newfield Exploration Company (NFX) reported an update on its operations in the Eagle Ford Shale during the third quarter of 2011.  The company’s position totals 335,000 net acres and lies in the Maverick Basin.

Newfield Exploration Company is focused on the West Asherton area in Dimmitt County, Texas, and has completed sixteen pad wells here to date.  The company said that the average twenty four hour gross initial production rate was 650 barrels of oil equivalent (BOE).

Newfield Exploration Company said that wells here will have an estimated ultimate recovery of approximately 300,000 BOE, and cost $6.6 million to drill.