Eagle Ford Shale

Anadarko Petroleum Discusses Eagle Ford Shale On Conference Call

Anadarko Petroleum (APC) has 350,000 gross acres under lease in the Eagle Ford Shale, and made the following comments on its second quarter of 2009 earnings conference call about the play.

“We are very encouraged about it (Eagle Ford Shale) but its real early….We have got the six wells that you have mentioned. We have seen rates as high as six million equivalent, out of some of those horizontals.”

“From the Eagle Ford we also have Pearsall zones that we are testing out there, we have announced 10 million a day but what we are seeing is that some of the infrastructure is not adequate to really get good long-term data on these things like the Pearshall well is way choked back because of the gathering system out there.” ___________________________________________________________________

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Anadarko Petroleum - Eagle Ford Shale Update

Anadarko Petroleum (APC) is an active player in several shale plays in North America and released details on its activity in the Eagle Ford Shale in its second quarter operations update.

Anadarko Petroleum has 350,000 gross acres under lease, with an average working interest on 50% on those acres. Anadarko Petroleum drilled five horizontal wells in the Eagle Ford Shale in conjunction with other operators during the second quarter of 2009, and said that it will drill an additional 4-8 wells during the balance of the year. ___________________________________________________________________

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Petrohawk Energy - Eagle Ford Shale Update

Petrohawk Energy (HK) reported its second quarter earnings for the period ending 6/30/2009, and provided an update on its operations in several shale plays where it has a large acreage position.

Petrohawk Energy said that it acquired additional acreage in the Eagle Ford Shale in and near the Hawkville Field. The company’s average daily production from the Eagle Ford Shale was 12 million cfe/day during the second quarter.

Petrohawk Energy drilled 7 wells during the second quarter of 2009, and released data on four of its latest completions in the Eagle Ford Shale

Henderson - Cenizo 874 #1H – initial production rate of 9.1 million cf/day.
Dora Martin 1716 #1H - initial production rate of 9.7 million cf/day.
STS-Palmert 944 #1-H - initial production rate of 9.6 million cf/day.
J.C. Martin 1850 #1H – initial production rate of 8.8 9.1 million cf/day

Petrohawk Energy said that the average initial production rates for all of its 8 completed wells in the Eagle Ford Shale totaled:

 “8.6 Mmcfe/d with a 6:1 gas to oil and natural gas liquids equivalency ratio, which corresponds to an effective 10.6 Mmcfe/d on an 18:1 equivalency ratio, taking into account the Btu content of the natural gas and natural gas liquids.” ___________________________________________________________________

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