St. Mary Land & Exploration (SM) reported the results of its first horizontal well located in the Eagle Ford Shale. The company said that the Briscoe G 1-H well produced 5.6 MMCFE per Day, composed of 4.4 MMCF per day of natural gas and 192 barrels per day of condensate.
The well cost $5.2 million to drill and complete, but the company estimated that future well costs would range between $3.5-4.5 million. The well was drilled with a 3,200 foot lateral using a ten stage hydraulic fracturing treatment.
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