Magnum Hunter Resources (MHR) reported on its oil and gas operations in the Eagle Ford Shale in Texas during the second quarter of 2010.
Magnum Hunter Resources recently finished completion operations on the Gonzo Hunter #1 well located in Gonzales County, Texas, which was the company’s first horizontal well in the Eagle Ford Shale. The company said that it would have production results on the Gonzo Hunter #1 well by the end of September 2010. This Eagle Ford Shale well was drilled to a depth of 13,750 feet and completed with a 4300 foot lateral.
Magnum Hunter Resources has spud the Laqunillas Camp #1H well in Atascosa County, Texas. This is the company’s second horizontal well in the Eagle Ford Shale, and the company plans one more horizontal well here in 2010.
Magnum Hunter Resources has allocated $31 million in capital for the Eagle Ford Shale in 2010, and spent $12 million during the first six months in 2010.
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