Eagle Ford Shale

Cabot Oil and Gas – Eagle Ford Shale Update - First Quarter Of 2011

Cabot Oil and Gas (COG) reported on the advancement of its development program in the Eagle Ford Shale in the first quarter of 2011. 

Cabot Oil and Gas (COG) completed three well during the quarter and reported that these wells had production rates during the first 24 hours ranging from 345 to 958 barrels of oil equivalent per day. The company has three more wells waiting to be completed.

Newfield Exploration Reports On Eagle Ford Shale Activity For The First Quarter Of 2011

Newfield Exploration (NFX) issued an operations update on its properties in Texas that are prospective for the Eagle Ford Shale.  The company has 335,000 net acres in the Maverick Basin.

Newfield Exploration is operating between 2 and 3 rigs on its Eagle Ford Shale acreage and ceased operations between October 2010 and February 2011 due to seasonal hunting in the area. The company has five Eagle Ford Shale wells drilled and cased and expects to start completion operations on these wells shortly.

Newfield Exploration reported that drilling costs have been reduced to less than $2 million per well, but completions costs are averaging between $4.5 million and $5 million per well as hydraulic fracturing services remain tight.

Crimson Exploration Reports Successful Eagle Ford Shale Well In Karnes County

Crimson Exploration (CXPO) reported the completion of a well drilled into the Eagle Ford Shale on its acreage in Karnes County, Texas. 

The Littlepage McBride #1 well had an initial daily production rate of 876 barrels of oil and 717,000 cubic feet of natural gas.  This Eagle Ford Shale well was drilled to a measured depth of 15,885 feet with a 4,800 foot lateral.

Crimson Exploration plans to start drilling the KM Ranch #1 well in early May 2011.  This will be the company’s first operated Eagle Ford Shale well in Zavala County.