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 Hawkville Field.
Petrohawk Energy is operating five rigs in the Hawkville Field and drilled thirty six operated wells and five non-operated wells in 2010 on its acreage here. The company targeted both dry and wet gas areas of the Hawkville Field.
Petrohawk Energy estimates that the dry gas portion of the Hawkville Field produces natural gas with an 1100 btu content, and the wet gas area yields 100 barrels of condensate for every million cubic feet of natural gas. The company has 224,000 net acres prospective for the Eagle Ford Shale in the Hawkville Field, split evenly between the two areas.
Petrohawk Energy estimates that the average estimated ultimate recovery (EUR) per well in the dry gas area is 5 billion cubic feet of natural gas, and 207,000 barrels of natural gas liquids.
Petrohawk Energy estimates that the average estimated ultimate recovery (EUR) per well in the wet gas area is 2.5 billion cubic feet of natural gas, 249,000 barrels of natural gas liquids and 195,000 barrels of condensate.
Petrohawk Energy has been experimenting with the hydraulic fracturing design process and applied this new design to several wells in the Eagle Ford Shale, which increased the EUR’s of wells.
Heim #2H well - 8.9 billion cubic feet of natural gas and 260,000 barrels of natural gas liquids.
Dilworth #1H - 2.1 billion cubic feet of natural gas, 400,000 barrels of condensate and 208,000 barrels of natural gas liquids.
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