Eagle Ford Shale

Marathon Oil - Eagle Ford Shale Operational Update

Marathon Oil (MRO) released an update on the company’s operations in the Eagle Ford Shale in Texas, where the company has increased its position to 300,000 net acres.

Marathon Oil is operating 14 rigs in the Eagle Ford Shale and plans to add four more rigs here by the third quarter of 2012.  The company also has four hydraulic fracturing crews under contract and eight wells waiting on completion.

Marathon Oil is currently producing 15,000 barrels of oil equivalent (BOE) per day and expects to meet production guidance for 2012 of 30,000 BOE per day.

Sanchez Energy Corporation - Eagle Ford Shale Project Summary

Sanchez Energy Corporation (SN) recently provided a summary of the company’s three Eagle Ford Shale project areas in Texas.

Palmetto Project - Sanchez Energy has a 50% working interest in 9,400 net acres in Gonzales County, Texas.

Marquis Project - Sanchez Energy has a 100% working interest in 54,900 net acres in Fayette and Lavaca Counties in Texas.

Maverick Project - Sanchez Energy has an 80% working interest in 26,400 net acres in Zavala and Frio Counties in Texas.

Sanchez Energy Corporation estimates that it has 750 net drilling locations into the Eagle Ford Shale with an estimated total resource potential of approximately 250 million barrels of oil equivalent.

Sanchez Energy Reports Two Eagle Ford Shale Completions

Sanchez Energy Corporation (SN) reported the completion of two recent wells drilled into the Eagle Ford Shale in Texas.  The company has 91,000 net acres with 750 net drilling locations exposed to this play.

Sanchez Energy Corporation reported that the Barnhart #5H well had average production of 1,318 barrels of oil equivalent (BOE) per day during the first 30 days of production.  The well was drilled with a 5,991 foot lateral and a 17 stage hydraulic fracturing operation.

Sanchez Energy Corporation reported that the Barnhart #6H well had average production of 1,235 BOE per day during the first 30 days of production.  The well was drilled with a 5,998 foot lateral and an 18 stage hydraulic fracturing operation.

Both wells are located at the Palmetto project area in Gonzalez County, Texas.