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.

Forest Oil Updates Eagle Ford Shale Operations For Second Quarter Of 2011

Forest Oil (FST) issued an update for the second quarter of 2011 on its development operations of the Eagle Ford Shale in Texas. The company increased its leasehold in the play to 113,000 net acres despite the divestiture of 10,000 net acres in Wilson County. 

Forest Oil reported the production results of four Eagle Ford Shale wells with average initial production rates during the first 24 hours of 747 barrels of oil equivalent (BOE).

Forest Oil also increased its capital budget allocated to the Eagle Ford Shale by $120 million for the second half of 2011 as the company seeks to accelerate its oil development activity.

Forest Oil Reports On Eagle Ford Shale Operations For First Quarter Of 2011

Forest Oil (FST) issued an operational update on the company’s development of the Eagle Ford Shale in Texas.  The company has 118,000 gross or 109,000 net acres under lease in Gonzales, Wilson, Lee, DeWitt Counties.

Forest Oil reported the completion of four Eagle Ford Shale wells during the first quarter of 2011 with an average 24 hour initial production rate of 733 barrels of oil per day.  The company has two wells awaiting completion and has two wells being drilled on its acreage.

Forest Oil said that a non operated well in the Eagle Ford Shale produced 830 barrels of oil per day during an initial 24 hour period.  The well is now producing 410 barrels of oil per day after 133 days of production, and has produced a cumulative 50,000 barrels since coming on line. Forest Oil plans to add a third operated rig in the play in July 2011.