Petrohawk Energy (HK) issued an operational update on its activities in Texas, where the company is working to develop the Eagle Ford Shale. The company is active in three project areas, including the Black Hawk project, where it has 73,600 net acres under lease.
Petrohawk Energy is operating five rigs in the play and plans to increase its operated rig count to seven rigs by the end of the first quarter of 2011, and eleven rigs by the third quarter of 2011. The company drilled 29 wells in 2010 at the Black Hawk project and plans to drill 85 wells here in 2011 into the Eagle Ford Shale.
Petrohawk Energy is continuing to build its position here and recently added 10,500 net acres in Karnes County, Texas. The company expects wells in this part of the Eagle Ford Shale to have condensate yields of approximately 700 barrels per million cubic feet of natural gas.
Petrohawk Energy has seen improved well performance at Black Hawk since entering the area. This is due to a number of factors:
- Increased lateral length.
- Less restrictive choke sizes.
- Tighter perforation cluster spacing.
- Increased proppant.
Petrohawk Energy is increasing its estimated ultimate recovery (EUR) on wells in the Black Hawk part of the Eagle Ford Shale due to the improved well performance.
Previous EUR – 2.2 billion cubic feet of natural gas, 375,000 barrels of condensate
New EUR – 1.8 billion cubic feet of natural gas, 550,000 barrels of condensate and 220,000 barrels of natural gas liquids.
Dear Sir, I am a land owner on the Eagle Ford Shale in Karnes County Texas and would like to exersise the oppurtunity to lease a portion of my property for salt water injection. My property is located at the corner of CR 165 and Fm 2102 in Karnes County Tx.. With FM frontage and aprox. 2 miles of Cr. frontage in the heart of the drilling..., I would like to speak to you further about leasing my centrally located 400 ac. for the growing need for salt water injection sites. I have a fair knowledge of the process and the support equipment it takes to operate and would like to discuss in details at your earliest convenience. To reciever: Please send to the appropriate personel Thanks... Eric Johnson
Posted by: Eric Johnson | 04/14/2011 at 10:01 PM