Petrohawk Energy (HK) is presenting today at the Howard Weil conference in New Orleans, and the company has updated its operations in the Black Hawk prospect in the Eagle Ford Shale.
Petrohawk Energy said that it now has 53,000 net acres under lease in the Black Hawk prospect, which is located in DeWitt County in Texas. The company estimates that its drilling and completion costs will be approximately $6.5 million per well in this part of the Eagle Ford Shale.
Petrohawk Energy reported the results of the Krause #1H well, which was completed with a 3,025 foot lateral and a 12 stage hydraulic fracturing operation. The well had an initial production rate of 3.3 million cubic feet per day of natural gas, and 1,150 barrels of condensate per day. The Krause #1H well averaged 3 million cubic feet per day of natural gas and 960 barrels of condensate per day for the first 30 days of operation.
Petrohawk Energy is currently completing the Lanik #1-H well, also in the Black Hawk prospect in the Eagle Ford Shale.
I have property in Dimmit County but am not sure who owns mineral rights to it. A local landman is asking $2000 to reserach this rights. Is the asking figure about right for the area?
Posted by: Hope Balderas | 03/24/2010 at 11:08 AM
I wouldn't pay anyone to research the mineral rights on your property. Go to the courthouse in Dimmit County or look at the deed on your property.
Posted by: TJ | 03/25/2010 at 02:57 AM