Eagle Ford Shale

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.

Magnum Hunter Resources Reports Two Eagle Ford Shale Well Results

Magnum Hunter Resources (MHR) issued an operational update on the company’s South Texas oil and gas activity.  The company has 51,664 gross acres prospective for the Eagle Ford Shale in Gonzales and Lavaca Counties.

Magnum Hunter Resources has put two Eagle Ford Shale wells onto production in September 2011 and disclosed the following details on the wells:

Oryx Hunter #1H - initial flowing production rate of 2,044 barrels of oil equivalent (BOE) per day, composed of 1,944 barrels of oil and 600,000 cubic feet of natural gas per day.

Sable Hunter #1H - initial twenty four hour production rate of 1,017 BOE per day, composed of 921 barrels of oil and 581,000 cubic feet of natural gas per day.

Magnum Hunter Resources has seven other Eagle Ford Shale wells either drilling or getting prepared for drilling. These wells are the Furrh #2H, Kudu Hunter #1H, Snipe Hunter #1H, Gonzo North #2H, Shiner Hunter #1H, Southern Hunter #2H and the Shiner Hunter #2H.       

Magnum Hunter Resources Updates Status Of Gonzo Hunter #1-H And Gonzo Hunter North #1-H Wells In Eagle Ford Shale

Magnum Hunter Resources (MHR) issued an operational update on several wells drilled and completed into the Eagle Ford Shale in Texas.  The company has 50,000 net acres located mostly in the counties of Atascosa, Gonzales, and Lavaca.

Gonzo Hunter #1-H

Magnum Hunter Resources previously reported the completion of the Gonzo Hunter #1-H well at an initial production rate of 605 barrels of oil equivalent (BOE) per day.  This Eagle Ford Shale well was also producing 412 barrels per day of water. 

The Gonzo Hunter #1-H well is currently producing 197 BOE per day and 43 barrels per day of water, and has produced approximately 27,500 BOE total since coming onto production in October 2010.  The Gonzo Hunter #1-H well is located in Gonzales County and Magnum Hunter Resources is the operator of the well and owns a 50% working interest.

Gonzo Hunter North #1-H

Magnum Hunter Resources spud the Gonzo Hunter North #1-H well on December 31, 2010, and is drilling at a vertical depth of 9,245 feet.  Magnum Hunter Resources is the operator of this Eagle Ford Shale well and owns a 50% working interest.